FCP, Partners Pay $72M for Affordable Apartment Community in Largo
Chevy Chase, MD-based FCP, with partners Insight Property Group and AHC, have acquired Camden Largo Town Center apartments in the Upper Marlboro, MD area of Largo for $71.9 million. The 245-unit community at 9701 Summit Circle will be rebranded Haven Largo.
Chris Doerr and Will Harvey of Walker & Dunlop represented the buyers in the transaction.
“As part of our commitment to the preservation of moderately priced apartment communities in the Washington, DC region, we plan to offer resident services and implement affordability requirements to a portion of the units,” said FCP’s Scott Reibstein
Haven Largo is a low-density, garden apartment community offering a tranquil setting in Prince George’s County, MD. The community is minutes from the Largo Town Center Metro Station and the Capital Beltway with access to major employment centers including University of Maryland Capital Region Medical Center.
Photo Courtesy FCP
AHC Inc., is a nonprofit developer of affordable housing that provides quality homes plus education programs and social services for low-and moderate-income families in MD, VA, and DC.
Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group.
When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.
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