Case Study: Client Sells Signature Multifamily Residential Property in Maryland

In March 2010, Pacific Coast Capital Partners (PCCP) decided to sell Congressional Village, a 404-unit apartment complex in Rockville, Md., a Washington, D.C. suburb. PCCP recently had taken control of Congressional Village when it purchased Lehman Brothers’ preferred equity position in the property-owning entity.

But selling the property was complicated by a number of factors.

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