WASHINGTON, DC—Federal Capital Partners has bought a majority stake in a six-asset multifamily portfolio in the Washington DC area. The 2,044-unit portfolio is a partly owned by ROSS Cos. and FCP’s recap values it at $240 million. It is the largest apartment portfolio transaction in the DC area this year so far, according to FCP’s Jason Bonderenko.

ROSS, which is retaining an ownership interest in the portfolio, will continue to provide property management services, intends to fund and complete capital projects. The recapitalization values the portfolio in excess of $240 million. The properties include:

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