Federal Capital Partners® (FCP) announces the acquisition of the Windsor at Potomac Vista apartment community on Kristin Court in Woodbridge, VA for $60.5 million. The three-story, garden style apartments, built in 1987, have recently undergone kitchen and bathroom renovations and are welllocated in a strong suburban Washington, DC submarket. Easily accessible to Marine Corps Base Quantico, Fort Belvoir, the Virginia Railway Express commuter train and the I-95 Corridor, Windsor at Potomac Vista offers its residents excellent value in a highly desirable location.
“FCP is pleased to add Windsor at Potomac Vista to its portfolio of welllocated apartment communities in the Washington, DC Metropolitan area,” said FCP Sr. Vice President, Jason Bonderenko. “Woodbridge, VA continues to show great strength, with positive year-over-year job growth and one of the lowest unemployment rates in the region.”
Amenities at Windsor at Potomac Vista include a clubhouse with fitness center and resort-style pool overlooking the Potomac River, cyber café, two playgrounds and apartment features that include full size washers and dryers, laminate hardwood floors, new cabinets and counter tops, walk-in closets and breakfast bars.
FCP extends its appreciation to Walter Coker and Brian Crivella of HFF for their representation of the seller and to Wells Fargo and Fannie Mae for facilitating the assumption of the existing mortgage and providing supplemental financing for the acquisition.
About HFF HFF
(Holliday Fenoglio Fowler, L.P.) and HFFS (HFF Securities L.P.) are owned by HFF, Inc. (NYSE: HF). HFF operates out of 23 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry. HFF together with its affiliate HFFS offer clients a fully integrated national capital markets platform including debt placement, investment sales, equity placement, advisory services, loan sales and commercial loan servicing. For more information please visit hfflp.com or follow HFF on Twitter @HFF.
About Federal Capital Partners
Federal Capital Partners (FCP) is a privately held real estate investment company that has invested in or financed more than $4.0 billion in assets since its founding in 1999. FCP invests in all asset classes and provides equity, preferred equity and structured debt investments for commercial and residential real estate. The firm, based in Chevy Chase, MD, owns and manages in excess of $2.3 billion in assets. FCP is currently investing its third investment fund, a recently closed commingled, discretionary fund targeted at real estate markets on the East Coast of the United States. For further information on FCP, please visit www.fcpdc.com