Peterson Companies, a real estate development firm based in Washington D.C., has recently acquired Huntington at King Farm: Phase II, a 402-unit multifamily community located in Rockville, Maryland. The purchase price for this property was not disclosed.
Huntington at King Farm: Phase II is situated within the desirable King Farm neighborhood and boasts 402 rental units, including 165 townhomes with private parking garages. Originally built in 2000, the property offers spacious floor plans averaging nearly 1,200 square feet. In recent years, approximately 342 units have undergone renovations and the current occupancy rate stands at an impressive 95.52%.
The seller of this property was represented by Martha Hastings , Bill Roohan , Mike Muldowney , Michael Rudolph , Brian Margerum , Brian McAuliffe , Bob Dean ,
Jonathan Greenberg ,
Kemp Broujos,
and Zach Stone from CBRE . Financing for the buyer was provided by David Webb,
Maxi Leachman,
Justin Glasgow,
Matt Hodson
and Jones Veith also from CBRE.
This acquisition marks another successful investment for Peterson Companies as they continue to expand their portfolio of properties throughout various regions.
