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Washington DC & Mid-Atlantic  + Maryland  + Apartments  |  September 25, 2023
Emily Fu
By: Emily Fu

Peterson Companies Buys Rockville MF Community  

Peterson Companies, a DC-based real estate development firm, has acquired Huntington at King Farm: Phase II, a 402-unit multifamily community located in Rockville, Maryland. The price was not disclosed. 

Huntington at King Farm: Phase II is situated in the King Farm neighborhood and features 402 rental units, including 165 townhomes with private parking garages. Originally constructed in 2000, the property offers floor plans averaging nearly 1,200 square feet. Over the years, approximately 342 units have been renovated, and the property is currently 95.52% occupied. 

Martha Hastings, Bill Roohan, Mike Muldowney, Michael Rudolph, Brian Margerum, Brian McAuliffe, Bob Dean, Jonathan Greenberg, Kemp Broujos, and Zach Stone of CBRE represented the seller in the transaction. David Webb, Maxi Leachman, Justin Glasgow, Matt Hodson and Jones Veith of CBRE provided the financing for the buyer. 

Read More News Stories About: CBRE
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Martha Hastings

About Emily Fu

Emily Fu is Content Director of Connect Commercial Real Estate, where she covers the east coast markets, including New York, Boston & New England, and DC & Mid-Atlantic markets. She produces daily news stories as well as longer-form content, ranging from Q&As to thought-leadership pieces. She also writes feature stories for Connect Money. With previous stints at Reuters, Seeking Alpha, and Commercial Observer, Emily has covered the finance side of the commercial real estate industry, technology, media, telecom (TMT), and fashion. She attended the Columbia Graduate School of Journalism and currently resides in Manhattan.
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