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SILVER SPRING, MD-In a transaction valued at approximately $39.3 million, Berkshire Income Realty Inc. has committed to acquiring Westchester West Apartments. Headquartered in Boston, Berkshire will acquire the 345-unit property from a company affiliate. The company already owns interests in eight other multifamily properties in Maryland and Virginia.

Located on Hewitt Ave. off -I495 in the wooded community of Aspen Hill, Westchester West offers such desirable extras as a state-of-the-art fitness facility, clubhouse, and two swimming pools. “We believe the Silver Spring, MD market is poised to experience solid growth in the coming years, and combined with the stability of an infill metro-Washington, DC location, Westchester West Apartments makes an excellent addition to our Maryland portfolio,” says Berkshire president and CFO David Quade.

According to Delta Associates’ Third Quarter 2004 Apartment & Condo Market report, Suburban Maryland low-rise class A apartment properties boast a low stabilized vacancy rate of 2.6%, while the vacancy rate among low-rise class B apartment communities in the area is 3.2%.

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