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 for $9,360,000. 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.