River Pointe, a 170-unit apartment community, has been sold for $24.5 million. The property is located at 8340 Indian Head Highway in Fort Washington, Maryland, approximately 19 miles south of Washington, D.C. The asset includes amenities such as a new playground, picnic area, central courtyard, pet walk, and on-site maintenance and management.

Summary of transaction details:

• Property Type: Apartment Community
• Transaction Amount: $24,500,000.00
• Address: 8340 Indian Head Hwy, Fort Washington, MD
• Seller's Representative: Justin Shay, Dean Sigmon - Transwestern
• Buyer: Aulder Capital
• Square Footage: 0

Federal Capital Partners (FCP) was the seller of the property, and the transaction was brokered by Robin Williams, Dean Sigmon, and Justin Shay of Transwestern’s Mid-Atlantic Multifamily Group, representing FCP in this deal.