---
title: "Kelley Drye Represents the Purchaser of a 305-unit Apartment Complex in Oxon Hill, Maryland"
date: 2011-01-28T00:00:00-05:00
author: Import Bot
canonical_url: "https://www.kelleydrye.com/news/kelley-drye-represents-the-purchaser-of-a-305-unit-apartment-complex-in-oxon-hill-maryland"
section: News
---
# Kelley Drye Represents the Purchaser of a 305-unit Apartment Complex in Oxon Hill, Maryland

 January 28, 2011

 

 

 

 

 

 

Kelley Drye recently represented Dragone Realty Investments, LLC in its purchase, through a joint venture with global bank HSBC and private real estate investment fund Potomac Capital, of a 305-unit multi-family apartment complex in Oxon Hill, Maryland for $9.5 million. This transaction involved the acquisition of the property out of receivership, the assumption of an existing $9.3 million mortgage loan and the negotiation of agreements among the three joint venture partners to finance more than $10 million of renovations and construction at the property. In addition, a significant casualty occurred at the property days before the scheduled closing requiring extensive negotiations with insurance companies, claims adjusters, the receiver and existing mortgage’s special servicer.

Associate **Aaron D. Rosenfeld** handled this matter.

 

 

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