POTOMAC, MD – July 9, 2026 – Foulger Pratt, a privately owned real estate investment, development, and operating firm, announced the successful sale of The Perry, a 297-unit premier multifamily property located at 12430 Park Potomac Avenue within the Park Potomac mixed-use master development. The property was acquired by Sentinel Corp (Sentinel Real Estate Corporation).

Foulger Pratt originally developed the award-winning residential community in 2016. Centered around two five-story residential buildings, the property features high-end one-, two-, and three-bedroom floor plans, alongside 8,610 square feet of ground-floor retail space. “Foulger Pratt is pleased with the outcome of this sale, which is a true reflection of the exceptional work our team has put into this asset from day one,” said Suzanne Sabatier, Chief Operating Officer. “From development to operations, every decision was made to create a high-quality asset and deliver strong returns for our investors. To achieve a sale price that validates that effort is rewarding, and a testament to the dedication and expertise of everyone involved.”

About Foulger-Pratt
Established in 1963, Foulger-Pratt is a privately owned real estate investment, development, and operating firm. With a rigorous focus on execution and long-term value creation, the firm has developed millions of square feet of mixed-use, transit-oriented, and multifamily assets across the United States. Foulger-Pratt’s vertically integrated structure enables full-lifecycle oversight, ensuring institutional-grade development that enriches local communities. For more information, visit Foulger Pratt