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Partnership secures $233 million to finance purchase of three Maryland multifamily properties

Acquisition expands ownership's presence in DC market
The portfolio sale included the 424-unit Ascend Apollo in Largo, Maryland, across from the Downtown Largo Metro station. (CoStar)
The portfolio sale included the 424-unit Ascend Apollo in Largo, Maryland, across from the Downtown Largo Metro station. (CoStar)

A joint venture acquired three multifamily properties in Washington, D.C.'s Maryland suburbs as it grows its presence in a metropolitan area where demand is anticipated to continue outpacing supply.

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