Preservation Partners buys two St. Charles resi properties for $56m

by   CIJ USA
2018-09-18   16:31
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Preservation Partners has paid $56 millon for two multifamily properties in St. Charles, Maryland. Totaling 340 units the properties purchased are Headen House (136 units) and Huntington (204 units), both Section 8 assets. The seller, FCP, acquired the schemes in December 2009 as part of a larger St. Charles portfolio transaction for its American Community Properties Trust.

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