29th Street Capital (29SC), a real estate investment and management firm, and Willton Investment Management have closed on acquiring Fenwick Apartments, a 311-unit, class A multifamily community in downtown Silver Spring, Md. Built in 2014 and 96.8 percent occupied, Fenwick represents a high-quality, institutionally owned asset in an affluent submarket in the Washington, D.C., metro area.
Located three blocks from the Silver Spring Transit Station, Fenwick provides convenient access to downtown Washington. With the anticipated delivery of the Purple Line in 2027, Fenwick will offer direct access to Bethesda, Md., and the Interstate 270 Tech Corridor (one of the country’s largest biotechnology and life sciences clusters). The property is LEED Gold certified and boasts premium amenities, such as a resort-style pool, a state-of-the-art fitness center, a rooftop lounge with a living green wall and a business center.
“This acquisition aligns with our strategy of buying
