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KLNB’s New Multifamily Team Completes Gaithersburg Sale
KLNB’s new multifamily yeam has completed its first transaction under the KLNB banner with the sale of Governor Square Apartments, a 238-unit multifamily community located at 409 Muddy Branch Rd. in Gaithersburg, MD. KLNB partner Rawles Wilcox, SVP Jared Emery and VP Dutch Seitz represented the buyer, Acento Real Estate Partners, a Bethesda, MD-based multifamily-focused investment and property management firm. The seller was not represented.
In February 2023, KLNB acquired Edge Commercial Real Estate, a regional leader in multifamily real estate, adding 18 brokers who specialize in multiple facets of office, industrial, tenant representation, and multifamily investment sales and leasing, including Wilcox, Emery, and Seitz.
“Despite the first quarter of 2023 being somewhat challenging for many investors, Governor Square fits perfectly with Acento’s long-term additions in core locations,” says Wilcox. “Acento has been actively interested in Maryland investment opportunities, but it had to be the right property with distinct potential.”
- ◦Sale/Acquisition

