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Multifamily

Charter Oak

Reston, VA

262 Units

Built in 1970

Value Add

Investment Highlights

  • Traditional renovations to apartments with Classic finishes and strategic updates to Previously Renovated units –Achieve monthly premiums upwards of $250 per unit
  • Situated in Reston, VA in the Dulles Technology Corridor with 45% population growth over 10 years and $157k Median Household Income
  • New lease trade outs and renewal increases average 6-10% with 97% occupancy, 60% retention, and de minimis concessions

Exclusively listed by

  • Robert G. Dean

    Senior Managing Director Investments

    Washington, D.C., MD

    (202) 536-3772

    rdean@ipausa.com

    Washington, D.C., MD

    License(s): DC: SP98377025, VA: 0225262193

  • Jonathan Greenberg

    Senior Managing Director Investments

    Washington, D.C., MD

    (202) 536-3771

    jgreenberg@ipausa.com

    Washington, D.C., MD

    License(s): DC: SP102482

Broker of Record

Brian Hosey

Senior Managing Director / Market Leader

(202) 536-3700

License(s): VA: 0225247494

Virginia

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