Federal Capital Partners Pays $61M For 408-Unit Woodbridge Multifamily Property
The investment firm just bought the 408-unit Windsor at Potomac Vista apartment community from Boston-based GID Investment Advisors. The three-story garden-style apartments are on Kristin Court in Woodbridge, roughly 24 miles south of DC.
“FCP is pleased to add Windsor at Potomac Vista to its portfolio of well-located apartment communities in the Washington, DC Metropolitan area,” FCP SVP Jason Bonderenko said in a release. “Woodbridge continues to show great strength, with positive year-over-year job growth and one of the lowest unemployment rates in the region.”
The community's amenities include a clubhouse with a fitness center and a resort-style pool, pictured above.
HFF brokered the deal, while Wells Fargo and Fannie Mae facilitated the assumption of the existing mortgage and supplemental financing. FCP owns and manages more than $2.3B in assets. Last October it bought One Dulles Tower for $84M from Corporate Office Properties Trust.