Specialized Multifamily Partners, an investment vehicle sponsored by Acento Real Estate Partners and BTG Pactual, announces the acquisition of Townsend Square Apartments, a 200-unit apartment community in Fredericksburg Virginia.
Townsend Square marked Acento’s 8th acquisition in 2021 and SMP’s 13th, bringing the Specialized Multifamily portfolio to approximately 3,000 units in Virginia, Maryland, and Georgia.
The property is located adjacent to I-95, with easy access to Washington D.C. and Richmond, VA markets. In addition, Townsend’s coveted location provides easy access to downtown Fredericksburg, Central Park, and Spotsylvania.
Townsend Square offers pet-friendly, spacious, comfortable two- and three-bedroom floor plans with fully equipped kitchens, cabinets, walk-in closets, and a laundry room with a full-size washer and dryer. Additionally, the property offers abundant amenities:
· On-site property management and maintenance crew
· Online rent pay
· Large Swimming pool and sundeck
· A 24-hour fitness center with training equipment
· Club House
· Business Center
· BBQ and picnic areas
· Dog park with an obstacle course
We are always grateful for the trust that investors and industry partners continue to place in us!