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Fairstead Expands Multifamily Portfolio With $90M DC-Area Buy

Commercial Observer | 01/11/23

A joint venture between Fairstead and InterVest Capital Partners has acquired the Villas at Rockville, a 210-townhome community in the Shady Grove neighborhood of Rockville, Md., near Washington, D.C., for $90 million.

The sellers were a joint venture between Cove Property Management and Advantage Properties, which acquired the Villas at Rockville in 2016, according to property records. The price was not disclosed.

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Commercial Observer|Fairstead Expands Multifamily Portfolio With $90M DC-Area Buy|01/11/23