McLean, Virginia – Insight Property Group LLC announced today that it completed the acquisition of Washington Vista Apartments, in Rosslyn, VA.
According to Michael Blum, Principal of Insight, “Vista is an extremely well located property within walking distance of two Metro stations and the Key Bridge. Our plan is to invest significant capital into the property and reposition the asset over the next several years.”
“This is our launch of the Insight platform. We are very happy with the backing we received from our friends at M&T Bank and Potomac Capital Advisors” says Richard Hausler, Principal of Insight.
Richard Samit, also Principal of Insight, adds “This first acquisition, in concert with the other assets that we currently have under control, sets us well on our way to our annual target of closing 4-6 transactions averaging $15MM-$20MM each.”
About Insight Property Group LLC
Founded in 2009 by Richard Hausler, Michael Blum and Richard Samit, Insight Property Group LLC, (http://www.insightpropertygroupllc.com) acquires, repositions and develops well-located apartments and mixed-use real estate in the Greater Washington, DC Metropolitan region. The three principals of the firm have in excess of 70 years of experience in the real estate industry in the Washington DC Metropolitan region.
Insight Property Group LLC