City: Camp Springs
Suburban Washington, D.C., Apartments Trade for $64Mln
Commercial Observer Excelsa Properties has paid $64 million, or $285,714/unit, for the 224-unit Tribeca at Camp Springs apartment property in Camp Springs, Md., about 10 miles southeast of Washington, D.C. The Lebanon firm acquired the complex from Spirit Bascom Ventures, ...
198 unsold units at the Tribeca at Camp Springs apartment property/4701 Old Soper Road
95 percent leased. CIT Group provided a $35.5 million mortgage against the property, which also has 18,800 square feet of ground-floor retail space.
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