Chevy Chase, MD


Federal Capital Partners (FCP) announced the $20 million all-cash acquisition of 127 units in the Somerhill Farms condominium community. Somerhill Farms is a six-building, 140-unit, low-rise condominium community located at 7351 Yountville Drive in Gainesville, VA. The community was originally developed in 2006, and in 2008, 13 of the 140 units were sold to individual buyers. FCP is acquiring the remaining 127 units at Somerhill Farms and will continue to operate them as rental apartments. Located minutes from I-66 and its expanded interchange with Route 29, Somerhill Farms is close to numerous parks, golf courses, restaurants, a Wegmans grocery store and the one million square foot Virginia Gateway Shopping Complex.

FCP Managing Partner, Alex Marshall, commented, “FCP is continuing to search for well-located assets in Northern Virginia as we pursue the growth of our portfolio in this market and throughout the Mid-Atlantic. Somerhill Farms is very well positioned for residents seeking an attractive, updated community with excellent access to work and retail destinations. The Gainesville area, with a destination retail center at Virginia Gateway, a VRE station in planning and an excellent school system, will continue to attract residents.” Somerhill Farms marks FCP’s fourth investment in Northern Virginia in less than four months.

Somerhill Farms overlooks a wooded natural conservation area and has amenities that include a clubhouse with free wifi, pool, 24-hour fitness center, stainless steel appliances, in-unit washers and dryers, elegant decorative moldings, walk-in closets and balconies and patios.

FCP extends its appreciation to Andy Boyer and Jonathan Greenberg of CB Richard Ellis for their representation of the seller in the transaction.


About Federal Capital Partners

Federal Capital Partners (FCP) is a privately held real estate investment company that has invested in or financed more than $3.0 billion in assets since its founding in 1999. FCP is seeking debt and equity investments in commercial and residential real estate throughout the Mid-Atlantic region, including Washington DC, Maryland, Pennsylvania, Virginia, Delaware, West Virginia, New Jersey and the Carolinas. FCP buys assets directly as well as through joint ventures with local operating partners through equity, preferred equity or mezzanine debt investments.

In December 2012, FCP was recognized by PERE Magazine as one of the Top 10 Emerging Fund Managers. The firm, based in Chevy Chase, MD, manages $769 million of discretionary capital. FCP is currently investing FCP Realty Fund II, L.P., a $529 million commingled, discretionary fund closed in 2012. For further information on FCP, please visit