American Community Properties Trust Announces Sale of Residential Land at Parque Escorial. PR Newswire | July 7, 1999 | COPYRIGHT 1999 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information) Copyright

ST. CHARLES, Md., July 7 /PRNewswire/ -- American Community Properties Trust (ACPT) (Amex: APO) a diversified real estate organization, announced today that one of its subsidiaries has completed the sale of 8.4 acres of residential land in the master planned community of Parque Escorial in metropolitan San Juan, Puerto Rico. The parcel has been sold to Jardines del Parque S.E. for $5 million and is approved for 200 condominium units. Jardines is owned by Edwin Loubriel and Robert Hatton, Jr., two successful residential home builders based in San Juan, Puerto Rico.

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