Peterson Companies Acquires Huntington At King Farm Multifamily In Rockville For $135.5M

Peterson Companies has expanded its Washington, D.C., portfolio with the acquisition of the 402-unit multifamily community known as Huntington at King Farm in Rockville, Maryland. The property, located at 801 Elmcroft Boulevard, was purchased for $135.5 million.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $135,500,000
• Address: 801 Elmcroft Boulevard, Rockville, MD
• Market: Rockville, MD
• Units: 402
• Price Per Unit (PPU): $337,065

Jon M. Peterson, representing Peterson Companies, served as the buyer in this transaction. The acquisition marks a significant addition to Peterson Companies' Washington, D.C., portfolio.