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Multifamily

Avana Stoney Ridge

Woodbridge, VA

264 Units

Built in 1985

Value Add

Investment Highlights

  • ~80% of units poised for renovation driving $225+ proven rent premiums across one- and two-bedroom units
  • Strong in-place performance | 65%+ renewal retention supporting durable cash flow with no concessions
  • Untapped amenity upside opportunity to develop a clubhouse featuring a fitness center, amenity lounge, & leasing center, supporting an amenity fee & closing the gap to new construction
  • Among the top projected rent growth submarkets in the DC metro woodbridge is projected to achieve 5.1% rent growth through 2027 and 4.4% through 2028

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): MD: 5013691, 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- Mid-Atlantic

(202) 536-3700

License(s): VA: 0225247494

Virginia

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