Windover Villas

Acquisition of an existing 90-unit single-family home rental community in Fredericksburg, Virginia.

A rare opportunity to own 90 single-family homes operating as a single rental community.

The 90-unit, single-family home rental community, which was built in 1995, is located about 50 miles south of Washington, DC in Fredericksburg, Virginia. Insight acquired Windover Villas in June 2010. Upon acquisition, Insight re-branded the property, brought in new property management and implemented a modest value-add program to the property’s exteriors and landscaping.

Insight plans to own and operate the asset for long-term cash flow.

Visit Website

8001 Cherry Tree Drive
Fredericksburg, Virginia

Status

Operating.
98% occupied.

Acquired

Acquired in June 2010.

Transaction type

Existing Single Family Rental Homes.

Construction type

Wood.

Residential units

90 units.

Lender

Fannie Mae/Greystone.