Acento Real Estate Partners has acquired Center Pointe Apartments, a 144-unit multifamily community in Waldorf, MD. The sales price was $25 million.
Center Pointe Apartments features one and two-bedroom units outfitted with granite countertops, a stainless-steel appliance package, wood-style flooring in the living areas and a walk-out balcony and patio. The community, which was completely renovated in 2016, includes amenities such as an outdoor swimming pool and playground. The community also offers direct access to MD Route 301.
Ryan Ogden and Rawles Wilcox of Edge Multifamily Capital Markets represented Acento Real Estate Partners in the transaction. The seller was not disclosed.
Edge is a commercial real estate firm providing a full complement of advisory, leasing, investment sales, management, construction, property management and engineering services to clients throughout the Washington, D.C. and Mid-Atlantic region.
David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector.
Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA.
David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.