Pantzer Properties has acquired The Point at Palisades, a luxury apartment community in the Washington, D.C. suburb of Manassas Park, Va. Oxford Properties was the seller of the 304-unit transit-oriented property. Berkadia’s Washington, D.C. metro office represented the seller in the deal. According to Yardi Matrix, the community was purchased for $71 million and was subject to a $55 million Freddie Mac loan. The asset has been rebranded from its previous name of Palisades at Manassas Park.

The four-story apartment community on 10.6 acres offers one- and two-bedroom apartments. Features include large closets, in-unit washer-dryers, 9-foot ceilings, granite countertops and balconies or patios. A fire pit with surrounding outdoor seating is among the property’s prominent amenities. Recent occupancy levels stood at 94.4 percent as of July.