Specialized Multifamily Partners, an investment vehicle sponsored by Acento Real Estate Partners and BTG Pactual, announces the acquisition of Lockwood Apartments, a 133-unit apartment community in Silver Spring Maryland.
The property is located adjacent to the US Food and Drug Administration Headquarters (14,820 employees) and close to other major employers including Johns Hopkins Applied Physics Laboratory (5,545 employees), the National Oceanic and Atmospheric Administration (4,600 employees), Adventist healthcare (4,290 employees), Sunburst Hospitality (3,500 employees), and Holy Cross Health (3,270 employees).
The property also features convenient access to major commuter corridors in US-29, I-495, I-95 and the MD-200, providing direct connectivity to downtown Silver Spring and Washington, D.C. to the south, as well as Maryland economic centers of Columbia, Howard County, and Baltimore to the north. The property’s desirable location offers easy access to near downtown Silver Spring, dining, shopping, museums and much more.
The following amenities are offered in Lockwood Apartments to enhance the living experience of its tenant based:
· Spacious, comfortable one- or two-bedroom garden-style floor plans with fully equipped kitchens, cabinets and walk-in closets and cable & internet ready.
· Pet Friendly community.
· On-site bi-lingual property management and maintenance crew.
· Online rent pay.
· Large Swimming pool and sundeck.
· BBQ and picnic areas.
· A 24-hour fitness center with training equipment.
· Resident events and social activities.
Lockwood marked Specialized Multifamily Partner’s twelfth acquisition bringing the portfolio to approximately 2,876 units.
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