Langdon Park Capital (LPC), a Black-owned real estate investment company, announced the $63.2 million acquisition of a 304-unit apartment complex located near Washington, D.C., in Fort Washington, Maryland.
These two key milestones advance the firm’s commitment to addressing the unmet demand for high-quality, affordable housing in historically underserved Black and Latino communities across the United States.
The property, which will be rebranded Langdon Park at Fort Washington, was built in 1965 and is in a predominantly Black community with most residents earning below 70 percent of area medium income. Preserving that affordability while providing housing that residents can be proud of is core to LPC’s mission and investment strategy. The property is situated minutes outside the Capital Beltway and offers convenient access to regional employment centers within Prince George’s County and Washington, D.C. LPC has committed more than $5 million for capital improve
