FCP, Insight Property Group & AHC Acquire Multifamily Asset In Largo, MD For $71.9M

The multifamily property located at 9701 Summit Circle in Largo, Maryland has been sold. The property consists of 245 units and was sold by Camden Property Trust to FCP, Insight Property Group, and AHC. The transaction was facilitated by brokers Chris Doerr and Will Harvey of Walker & Dunlop. The sale price for the property was $71,900,000, resulting in a per unit price of $293,469.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $71,900,000
• Units: 245
• Price per Unit (PPU): $293,469

FCP, Insight Property Group, and AHC have successfully acquired the multifamily property at 9701 Summit Circle in Largo, Maryland from Camden Property Trust. The transaction was facilitated by brokers Chris Doerr and Will Harvey, representing Walker & Dunlop. This deal marks a significant investment in the Largo real estate market.