Chevy Chase, MD


Federal Capital Partners (FCP) today announced its $33.6 million acquisition of Montpelier Crossing, a 386 unit apartment and townhome complex in Laurel, Maryland in the Washington, DC suburbs. The community, which features 2-story townhomes and 3 and 4 story garden apartments, is located at 9689 Muirkirk Road within a half mile of the Baltimore-Washington Parkway and within a few miles of Fort Meade.

“Montpelier Crossing has great visibility from, and access to, the Baltimore-Washington Parkway and is a short commute to Fort Meade, with a growing employee base of 40,000 people,” said FCP Managing Partner, Alex Marshall.

Jason Bonderenko, an FCP Vice President, commented on the company’s unique fit for this transaction, saying, “FCP was able to provide the quality of sponsorship and the certainty of closing needed to ensure loan assumption approval at a time when loan assumptions encounter very close scrutiny.”

FCP is planning a $5 million+ renovation program to improve common areas and address deferred maintenance items. Montpelier Crossing is surrounded by more than 3 millions square feet of retail offerings and the immediate area is expected to benefit from approximately 22,500 new jobs generated by BRAC (Base Realignment and Closure).

FCP extends its appreciation to CB Richard Ellis for brokering the transaction.


About Federal Capital Partners

Federal Capital Partners (FCP) is a Washington, DC based, privately held real estate investment company that has acquired interests in more than $3 billion in assets since 2003. FCP invests in multi-family and commercial assets throughout the Mid-Atlantic region, including Washington, DC, Baltimore, Philadelphia, the Virginia Tidewater region and the Raleigh/Durham area and currently manages a portfolio of approximately $1.8 billion in real estate assets throughout those markets. FCP’s managing partners are Tom Carr, Esko Korhonen, Alex Marshall and Lacy Rice.

Through its discretionary co-mingled private equity funds, FCP invests directly in core plus, value-add, opportunistic and development properties. In addition, FCP provides both equity and debt capital to real estate operating partners and is aggressively seeking office, residential (for sale and for rent), industrial and retail investments in all of its target markets. Over the last two years, FCP has been one of the most active real estate investment companies in the Mid-Atlantic region, investing approximately $1 billion in transactions that ranged from direct investment as a JV partner in a downtown office building, to the purchase of a note of a foreclosed retail center, and the funding through preferred equity and mezzanine capital for a multi-family residential development. For further information on FCP, please visit