Acquisition of an existing 118-unit apartment community in Arlington, Virginia.
Implementing a value-add strategy on an existing apartment community.
The 118-unit garden-style community is located in Arlington, Virginia close to Columbia Pike. The Columbia Pike corridor is a primary economic driver in the Arlington County marketplace.
Insight and partner Fundrise acquired Haven Columbia Pike (formerly Tyroll Hills) in January of 2017 for $20,250,000. Post-acquisition Insight engaged in a rigorous asset management program which included new property management, rebranding the property, and implementing value-add renovations to the property’s units, exteriors and landscaping. The business plan is to own and operate the asset for long-term cash flow.