Predictive analytics tool developed by Edge identified off-market opportunity presented by Center Pointe Apartments, and company represented Acento Real Estate Partners in acquisition
The Edge Multifamily Capital Markets Group, utilizing its proprietary Paire software platform, identified Center Pointe Apartments, a 144-unit multifamily community in Waldorf, Maryland as a viable acquisition opportunity, and subsequently represented the buyer, Acento Real Estate Partners, in the$25 million purchase transaction. Ryan Ogden and Rawles Wilcox, both Partners with Edge Multifamily Capital Markets, represented the new owner in this transaction.
Developed by the Edge Multifamily Capital Markets Group, Paire is a predictive analytics tool that processes a series of financial and market indicators to calculate the likelihood of an asset trading, as well as gauges its suitability to a clients’ specific investment needs. The tool empowers Edge to quickly identify a shortlist of potential properties and completely vet the assets in an accelerated timeframe. This platform effectively provides a competitive advantage to investors seeking multifamily acquisition opportunities throughout the country.
“The interest in and competition for multifamily properties of all asset classes has increased exponentially in recent years, so working with a buyer that can identify and transact with surety on an off-market opportunity has a significant benefit in terms of time and money savings, as well as providing significant risk mitigation, for both our client and the seller,” explained Ryan Ogden of Edge.
“Our Paire software enabled us to recognize Center Pointe Apartments as a potential acquisition target, as it matched each criterion and fundamental that was important to Acento Real Estate Partners. Once we generated interest between both entities, our team was able to execute swiftly and effectively to complete the transaction,” added Rawles Wilcox of Edge.
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 resident amenities such as an outdoor swimming pool and playground. The community offers direct access to MD Route 301 and is within walking distance to a range of retail amenities and restaurant options.
The Edge Multifamily Capital Markets Group offers brokerage and advisory services representing buyers and sellers of multifamily investment properties and clients with active 1031 exchange needs across the United States.
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., Maryland, Northern Virginia, and Pennsylvania marketplaces. Founded in 2007, the company currently leases and manages more than 8.5 million square feet of commercial office, flex/office, industrial/warehouse, retail and mixed-use space. Visit www.edgecre.com.
