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 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.

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8001 Cherry Tree Drive
Fredericksburg, Virginia

Status

Operating.
98% occupied.

Acquired

Acquired in June 2010 for $9,360,000.

Transaction type

Existing Single Family Rental Homes.

Construction type

Wood.

Residential units

90 units.

Project Cost

$9,360,000.

Lender

Fannie Mae/Greystone.