Acquisition of an existing 576-unit apartment community in Falls Church, Virginia.
An opportunity to implement a value-add strategy and completely re-position a large-scale existing apartment community.
This 576-unit mid-rise community, which was built in 1974, is located in Falls Church, Virginia. Insight and partner Pacific Coast Capital Partners acquired Falls Green in June of 2018. Insight is investing significant additional funds to enhance common-areas, amenities and landscape improvements.
For Insight and PCCP, Falls Green represents an extremely rare opportunity to acquire and reposition an institutional-scale community located in a tremendously desirable in-fill location. The property is walking distance to the East Falls Church Metro Station. Residents enjoy easy access to Route 66, the Capital Beltway and most major Washington-area employment centers including DC, Tysons Corner, the Rosslyn-Ballston Corridor, and National Landing. Falls Green is also adjacent to Edens Center, an international marketplace that has become a premier Mid-Atlantic destination.