{"id":1004128193,"date":"2015-09-25T06:05:15","date_gmt":"2015-09-25T14:05:15","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=361084"},"modified":"2022-12-08T20:42:10","modified_gmt":"2022-12-09T04:42:10","slug":"federal-capital-partners-expands-in-greater-washington","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/federal-capital-partners-expands-in-greater-washington\/","title":{"rendered":"Federal Capital Partners Expands in Greater Washington"},"content":{"rendered":"<p style=\"text-align: justify\">\u00a0<em>By Adrian Maties, Associate Editor<\/em><\/p>\n<div id=\"attachment_361089\" class=\"wp-caption alignright\" style=\"width: 310px\"><a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/09\/Capital-Courts-Apartments.png\"><img decoding=\"async\" loading=\"lazy\" class=\"size-medium wp-image-361089\" title=\"Capital Courts Apartments\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/09\/Capital-Courts-Apartments.png\" alt=\"Capital Courts Apartments\" width=\"300\" height=\"213\" \/><\/a><\/p>\n<p class=\"wp-caption-text\">Capital Courts Apartments<\/p>\n<\/div>\n<p style=\"text-align: justify\"><a href=\"https:\/\/www.fcpdc.com\">Federal Capital Partners<\/a> continues to expand its presence in the Greater Washington area. This week, the Chevy Chase-based company announced the acquisition of a new apartment community in suburban Maryland.<\/p>\n<p style=\"text-align: justify\">The newest addition to FCP\u2019s portfolio is Capital Courts Apartments. It is a 200-unit apartment community located on Walker Mill Road in Forestville, just half a mile from another FCP property, the Walker Mill Apartments, which was acquired in 2014. The real estate investment company paid $19.5 million to buy Capital Courts. Christine Espenshade, Scott Melnick, Robert Garrish and Kylie Belcher of <a href=\"https:\/\/www.us.jll.com\">JLL<\/a> represented the unnamed seller in the transaction. Financing was provided by Capital One.<\/p>\n<p style=\"text-align: justify\">Capital Courts consists of 25 four-story garden apartment buildings, with a mix of two-, three- and four-bedroom units, and amenities such as a pool and a playground. Gates Hudson has been retained to manage the property.<\/p>\n<p style=\"text-align: justify\">According to Jason Bonderenko, senior vice president at FCP, Capital Courts represents his company\u2019s fifth investment in apartment communities in 2015. \u201cWell-maintained apartment communities in this close-in suburb of Washington, D.C., continue to have strong occupancy. FCP plans to invest in significant capital improvements, including window replacements, renovation of the office\/clubhouse and pool areas, and additional new landscaping,\u201d he added.<\/p>\n<p style=\"text-align: justify\"><em>Photo credit: <\/em><a href=\"https:\/\/www.fcpdc.com\"><em>Federal Capital Partners<\/em><\/a><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Federal Capital Partners has acquired another apartment community in Suburban Maryland.<\/p>\n","protected":false},"author":925,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21742,1615],"tags":[682],"class_list":["post-1004128193","post","type-post","status-publish","format-standard","hentry","category-latest","category-washington-dc","tag-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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