Federal Capital Partners

1101 Connecticut Avenue, Washington, DC


1101 Connecticut

Transaction: Acquisition of 90% equity interest in core urban asset

Asset Summary: 186,000 square foot, 98% leased Class B office building

Location: At the prominent intersection of Connecticut and L Streets, above the Farragut North Metro Station, in downtown Washington, DC

Date Closed: May 2010

Investment Strategy:  

  • Acquired 90% interest in a stable Class B asset in a limited marketing process at a deep discount to replacement cost
  • Facilitated exit of major partner in extremely tight timeframe
  • Rapidly underwrote a complex transaction, with a ground lease structure
  • Fully negotiated JV in 14 days

Exit Strategy: Sold FCP's 90% interest to an institutional investor in the 4th quarter of 2013.