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SUBURBAN PARK APARTMENTS - SOLD
Address: 10 School Drive
Gaithersburg, MD 20878
Property Type: Commercial

Suburban Park Apartments, a low-income 168 unit housing project in Gaithersburg, Maryland, was purchased in 1999 in a joint venture with KSI Development. With the use of HUD financing and low income housing tax credits, the project was extensively renovated and upgraded, while preserving its status as affordable housing. The project was subsequently sold to our partner in 2000.
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