Specialized Multifamily Partners, an investment vehicle sponsored by Acento Real Estate Partners and BTG Pactual, announces the acquisition of Ashland Towne Square Apartments, a 218-unit apartment community in historic Ashland, Virginia.
Townsend Square marked Acento’s 9th acquisition in 2001 and SMP’s 14th , bringing the Specialized Multifamily portfolio to approximately 3,300 units in Virginia, Maryland, and Georgia.
The property’s desirable location is less than 20 miles from downtown Richmond and provides access to other economic hubs in the Washington D.C. and Hampton Roads/Norfolk markets. Additionally, Ashland’s coveted location offers easy access to nearby dining, entertainment, and commuting options via I-95 and Amtrak.
Ashland Towne Square offers pet-friendly, spacious, comfortable one, two- and three-bedroom townhome-style floor plans with fully equipped kitchens, cabinets, and energy-efficient upgrades and appliances. Additionally, the property offers abundant amenities:
· On-site property management and maintenance crew
· Online rent pay
· Large Swimming pool and sundeck
· Club House
· Business Center
· BBQ and picnic areas
· Dog park with
· Tennis courts
We are always grateful for the trust that investors and industry partners continue to place in us!