Acento Real Estate Group, previously known as Finesa Real Estate Group, has purchased the three-story, 238-unit Governor Square Apartments located at 409 Muddy Branch Rd in Gaithersburg. Acento is an investment management and operating company specializing in value-driven investment management strategies and property management services that’s headquartered at 8120 Woodmont Ave in Bethesda. The apartment complex was sold for $46.1 million according to a report by Maryland Newsletters.
The Governor Square Apartments were built in 1968 and offer leases for 1, 2, 8, 9, 10, 11, 12, 23, 73, 97 months. The property boats of being “centrally located alongside the I-270 corridor, Governor Square is just minutes from excellent shopping, dining, and entertainment options, and commuting options. Our one, two and three-bedroom floorplans provide comforts designed with you in mind. Stop by Governor Square; we’re certain to have an apartment home that perfectly fits your lifestyle.”
Acento was founded in 2002 “with a drive and vision to meet the needs of Latin American investors seeking exposure to U.S. commercial real estate, capital preservation and strong cash yield. Acento still exceeds these goals for our investors and has evolved with the times to address new demands. We are a dynamic, proactive and innovative company whose resourcefulness in creating proprietary investment opportunities continues to exceed the expectations of our investors and clients. Over the years, our firm has strengthened our relations in Latin America and expanded our equity sources into the United States. Today we stand apart as a strategic investment partner of choice in our niche market, representing a diverse mix of private and institutional clients from both Latin America and the U.S.” Featured photo courtesy of Google Maps