Located on Old Court Rd. off I-696 and I-795, Owings Chase was developed on a 14-acre parcel in the mid-1960s. Prescott Square, completed in 1968, sits on four acres and also has an Old Court Rd. address.
"The company has been seeking suitable properties to expand our portfolio, and these acquisitions represented an excellent opportunity to achieve that goal," says ACPT president and COO Edwin L. Kelly. "These purchases represent our commitment to broaden our Company's base of operations." At the time of the transaction ACPT had more than 8,000 units in its portfolio covering the District of Columbia, Maryland, Virginia, and San Juan, Puerto Rico.
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