Chicago-based 29th Street Capital, a real estate investment and management firm, and Willton Investment Management have acquired the Fenwick Apartments, a 311-unit multifamily community in Silver Spring, Maryland.
Built in 2014 and currently 96.8% occupied, Fenwick represents a high-quality, institutionally owned asset in an affluent submarket in the Washington, D.C. metro area. Located just three blocks from the Silver Spring Transit Station, Fenwick currently provides convenient access to downtown Washington.
“Fenwick pairs institutional quality construction with exceptional access to major employment centers in the MSA, to be further enhanced with the delivery of the new Purple Line in 2027,” said Henry Moore, Vice President of Acquisitions at 29th Street. “Located in a pocket with very little in anticipated near-term supply, Fenwick offers our investors a compelling investment opportunity with long-term upside.”
The property will be managed by 29th Street Living, the in-house property management arm of 29th Street Capital.
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