DISTRICT HEIGHTS, MD-A joint venture that includes Dragone Realty Investments of Laurel and a fund controlled by Pacific Coast Capital Partners has paid $58 million to an undisclosed bank for the Residences of Suitland Parks, a 930-unit apartment complex at 6501 Hil-Mar Drive in District Heights. CBRE Group Inc. handled the deal.
Maryland taxation records showed that the complex was owned by Carrollton, Texas-based Federal Home Loan Mortgage Corp., which bought it for $62 million at a foreclosure sale in June 2011. For the full story, go to Baltimore Business Journal .
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