Sentinel Real Estate has acquired The Perry, a luxury multifamily community in Potomac, Maryland. The property is located at 12430 Park Potomac Avenue, about 10 miles northwest of downtown Washington, D.C., placing it within commuting distance of the nation’s capital while retaining a suburban setting. The acquisition adds a high-end apartment asset to Sentinel’s portfolio in one of the Washington, D.C. region’s more affluent residential areas.
The Perry is described as a modern multifamily community with spacious floor plans and high-end interior finishes. Its residential offering is complemented by a comprehensive package of indoor and outdoor amenities, positioning the asset among the top-tier properties in its local competitive set. These features are intended to appeal to residents seeking luxury rental housing in an established suburban environment.
Completed in 2016, the community consists of two five-story buildings, reflecting relatively recent construction compared with much of the regional apartment stock. The property contains a total of 297 residential units, offering a mix of one-, two-, and three-bedroom layouts. This range of floor plans is designed to serve a variety of household types, from single renters to larger households that require additional space.
In addition to its residential component, The Perry includes 8,610 square feet of ground-floor retail space. The integration of retail at the base of the residential buildings supports a more activated streetscape and offers residents on-site access to neighborhood-serving uses, subject to tenant mix. The combination of apartments and retail underscores the project’s role as a mixed-use element within the broader Potomac area.
The Perry is characterized in the source as one of the premier multifamily communities within the Potomac submarket. That submarket is described as among the most affluent and desirable in the United States, underscoring the perceived strength of its demographic and demand fundamentals. According to Sentinel Real Estate Managing Director George Tietjen, the acquisition represented a rare opportunity to invest in a residential community benefitting from what he characterized as an irreplaceable location in one of the country’s most sought-after market areas.
While financial terms of the transaction were not disclosed in the source, the acquisition of a relatively new, high-end community like The Perry suggests that institutional capital continues to target well-located, amenitized multifamily assets in affluent suburban nodes. The combination of modern construction, a full amenities package, and proximity to Washington, D.C. positions the property as a durable rental option within the Potomac submarket.
