Pictured: The Links at Gleneagles, one of 11 communities acquired by Strata in greater D.C.Value-added apartment player Strata Equity Group has entered the Mid-Atlantic market with a big splash – acquiring an 11-property, 1,731-unit portfolio in suburban Maryland.
Strata, a private equity shop based in San Diego, has agreed to buy the portfolio in St. Charles, MD, for $302 million, or about $174,000 per unit. The seller, FCP of Chevy Chase, MD…