Meadow Green Courts, a 435-unit affordable apartment complex that has faced financial distress and failed to sell at a foreclosure auction this year, has found a new owner.

The property, directly across the Anacostia River from the RFK Stadium site, sold to a partnership of four firms that plans to rehabilitate the apartments and maintain their affordability, the firms announced.

The partnership, consisting of Lincoln-Westmoreland Housing, KeyUrban, EquityPlus and RRP Capital Partners, took over the 51-building complex at the intersection of Minnesota Avenue Southeast and East Capitol Street. It acquired the property by assuming the $26M loan held by MainStreet Bank.

RRP Capital Partners is led by two former players for Washington’s NFL team: Darryl Pounds, 1990s-era cornerback, and Hall of Famer Darrell Green, who played for the team his entire 20-year career beginning in 1983 and won two Super Bowls.

Pounds said in a statement that he grew up in a community like Meadow Green Courts before becoming an NFL player and playing at RFK Stadium.

“I’m looking forward to being able to play an active role in enhancing the quality of life for the 435 families that will live in the Meadow Green Courts community while preserving the affordability of the 12-acre neighborhood to working families so that they can enjoy the benefits of the forthcoming Commanders redevelopment of the RFK campus,” Pounds said.