Specialized Multifamily Partner, an investment vehicle sponsored by Acento Real Estate Partners and BTG Pactual, is proud to announce the acquisition of the Commons at Cowan Boulevard (“Commons at Cowan”).
Commons at Cowan is a 254-unit workforce multifamily housing community located in Fredericksburg, VA. The asset was built in two phases, with Section 1 (132 units) completed in 1972 and Section 2 (122 units) completed in 1980. The property features an attractive unit mix of approximately 27% 1×1 units, 66% 2×1 units, and 7% 3×2 units, and the property’s amenities include a swimming pool, clubhouse, and proximity to two of the area’s largest employers (the University of Mary Washington and the Mary Washington Health System. In addition, Commons at Cowan has access to the Fredericksburg City Public Schools attendance zone.
The following amenities are offered in Commons at Cowen to enhance the living experience of its tenants:
· On site bilingual management and maintenance team.
· Club House
· Laundry facilities.
· Pool & sundeck.
· BBQ grill.
Commons at Cowan marks the eighth property acquired by Specialized Multifamily Partners.