(PRWEB) May 08, 2014
The St. Charles Companies jump started the 2014 traditional spring home sales season with 25 sales contracts in April, marking the highest monthly sales since November 2012. The new home sales included single family and townhomes by top national homebuilders Lennar and Ryan Homes as well as Lennar’s active adult homes, Heritage. The amenity-rich, master-planned community is the top-selling new home community in Southern Maryland, with new townhomes priced from the $240’s and single family homes from the $300’s.
"April’s strong sales pace is being matched by extremely good traffic in the first week of May,” said St. Charles Companies President, Matthew M. Martin. “Homebuyers continue to select St. Charles for its amenities, schools, location and strong, family-oriented neighborhoods but they also value the long-term market stability of buying in a master-planned community.” St. Charles is just 11 miles south of the Capital Beltway and proximate to Southern Maryland’s military bases, the booming retail and entertainment hub at National Harbor and easy access to the area’s transportation corridors.
Last year, St. Charles opened the Gleneagles and Fieldside neighborhood centers, the ninth and tenth such center in St. Charles. The Gleneagles center features views of the White Plains Golf Course and includes a swimming pool, wading pool, and walking paths that connect to the community center to Charles County's White Plains Park. The Fieldside community center is the hub of the new Fieldside neighborhood, where Ryan Homes is building new single homes and townhomes from the $240’s.
This fall, the1,600-student St. Charles High School will open its doors and begin offering unique educational opportunities to students and the community alike. Built on a 100-acre site donated by The St. Charles Companies, the new facility will include programs on environmental and natural resource management, technology, and current issues related to these fields of study, as well as cutting edge learning experiences such as a digital classroom and “Science on a Sphere.” This feature, co-developed by NASA, provides students with visual instruction about science, the Earth and the environment.
St. Charles, MD is the best-selling new home community in Southern Maryland and is considered one of the most successful master planned communities in the Country, recently ranked 41st by industry data firm, John Burns Real Estate Consulting, in their independent ranking of the Top Selling Master Planned Communities of 2013 across the nation. Over the past few years, St. Charles was featured twice in The Washington Post and was profiled alongside the Washington area’s top master planned communities in The Washington Times (Master-Planned Towns, Age 50, Innovative Still). St. Charles has achieved record-level sales as buyers and renters recognize the advantages of a mixed-use community with unique features such as the Regency Furniture Stadium, the new West Waldorf library, and the new St. Charles High School, a state-of-the-art facility scheduled to open in the Fall of 2014. Named by CNN’s Money Magazine as one of the top twenty small cities to live in America, St. Charles is known for its diverse and abundant neighborhoods, lively retail centers, recreational opportunities and excellent schools. St. Charles appeals to all ages and lifestyles and was featured in 2011 in the Washington Post’s “Where We Live” section and named by U.S. News and World Report as one of the nation’s top bargains for places to retire. St. Charles invites you to like us on Facebook at St. Charles MD or visit us at http://www.stcharlesmd.com.
The St. Charles Companies includes American Community Properties Trust, The Apartments of St. Charles, American Land Development and St. Charles Community, LLC. The St. Charles Companies’ lines of business include the residential and commercial development of St. Charles, a 9,100 acre planned community in Charles County, Maryland and the ownership of an operating apartment portfolio of approximately 2,500 units in St. Charles.
Federal Capital Partners® acquired The St. Charles Companies in December 2009. FCP is a privately held real estate investment company that has invested in or financed more than $3.5 billion in assets since its founding in 1999. FCP is seeking equity, preferred equity and mezzanine debt investments in commercial and residential real estate throughout the Mid-Atlantic region, including Washington DC, Maryland, Pennsylvania, Virginia, Delaware, West Virginia, New Jersey and the Carolinas. FCP buys assets directly as well as through joint ventures with local operating partners. The firm, based in Chevy Chase, MD, owns and manages in excess of $2.3 billion in assets. FCP is currently investing its second investment fund, a $529 million commingled, discretionary fund closed in 2012. For further information on FCP, please visit http://www.fcpdc.com.