March 27, 2019

DRI Acquires $48.6 Million Loan from PCCP to Purchase 404-Unit Property

Dragone Realty adds 8th property to current portfolio

In March of 2019, Dragone Realty Investments purchased Pennbrooke Apartments, now known as Verona at District Heights, from Foulger-Pratt for $47.5 million, thanks in part to a $48.6 million loan provided by PCCP, LLC. Dragone plans to execute full, interior renovations that will be completed in 2021. Dragone will also be renovating the leasing office and pool house, along with adding a fitness center and controlled access entryways.

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