Courtesy of Transwestern The Regency Pointe Apartments in Forestville, Maryland
Transwestern brokered sales of the Montclair Apartment Homes property in Silver Spring and the Regency Pointe apartments in Forestville last week for a combined $139M,
Bisnow can first report.
Turner Impact Capital sold the 599-unit Regency Pointe property to Quantum Equities for $80M. The garden-style apartment community sits at 3253 Walters Lane in Forestville, roughly a mile inside the Beltway in Prince George s County.
LCOR and Ares Management sold the 256-unit Montclair Apartment Homes property to Priderock Capital Partners for $58.7M. The property at 3525 Sheffield Manor Terrace is in northern Silver Spring, near the interchange of Columbia Pike and Route 200.