Completed
Haven Mt Vernon Apartments
Alexandria, VA
Overview
Asset class
Real estate
Asset type
Multifamily
Strategy
Value add
Funds
Growth eREIT
Update
Exit
March 23, 2021
The project generated an annualized return of roughly 16.3%¹, supporting dividends and appreciation for Growth eREIT investors.
Apartment renovation in Northern Virginia
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Asset type
Multifamily
Multifamily (MF) is a residential building designed to house multiple tenants. These properties can range from small to large apartment complexes with hundreds of units. With a boom in remote work and business-friendly local governments courting employers, more affordably-priced suburban apartment communities have generally experienced stable or growing demand. Multifamily’s resilient demand and scale enables us to leverage our integrated operating platform to drive long-term performance.
Our strategy
Value add
Acquire real estate that needs improvements and / or lease-up.
- Expected variability of return: High
- Timing of expected return: Several months to a year
- Primary expected source of returns: Growth with some rental income
This section is intended to provide a general overview of the Value add strategy for educational purposes only, and is not meant to be representative of the specific details of any individual investment. All investments involve risk; there are no guarantees of any returns.