Specialized Multifamily Partners, an investment vehicle sponsored by Acento Real Estate Partners and BTG Pactual, is pleased to announce Camden Hills’s acquisition.
Camden Hills is a 160-unit workforce multifamily housing community in Fredericksburg, VA, built-in 1972. The property features a unit mix of 25% 1×1 units and 75% 2×1 units.
Fredericksburg, VA, is home to approximately 29 000 residents. It has long been an essential center for industry and commerce, primarily due to its strategic position between Richmond, VA, and Washington, DC, and a crossroads for highway, rail, and water-based transportation. Positioned along the East Coast’s busiest interstate, I-95, the city is also accessible via State Route 3 and US Route 1. The location of a vibrant business community, and major employers in the town, include Mary Washington Hospital, the University of Mary Washington, the City of Fredericksburg, Medicorp Health System, and Fredericksburg City Public Schools.
The following amenities are offered in Wellington Woods to enhance the living experience of its tenant-based:
• On site bilingual management and maintenance team.
• Laundry facilities.
• Pool & sundeck.
• Walk in closets.
Camden hills marks the seventh asset acquired by Specialized Multifamily Partners.