Urban Atlantic Acquires Property From FCA For $44M With Christine Espenshade Of Newmark As Buyer's Rep

The property asset involved in the transaction is located at 5521 Marlboro Pike, District Heights. The sale price for this asset is $44,000,000.00. The total square footage of the property is not specified. This transaction takes place within the District Heights market.

Summary of transaction details:

• Property Type: Apartment
• Transaction Amount: $44,000,000.00
• Buyer: Urban Atlantic
• Seller: FCA
• Buyer's Representative: Christine Espenshade-Newmark
• Address: 5521 Marlboro Pike, District Heights

Christine Espenshade and Robert Garrish of JLL arranged the transaction on behalf of Urban Atlantic. The deal also includes a joint venture with Federal Capital Partners, and it involves the acquisition of two apartment assets in the metro Washington, D.C. area, which have a combined total of 449 apartment units.