INVESTMENT HIGHLIGHTS
1.
2.
Lease-Up Success & Lack of Competing Supply Pipeline Yields Outsized Pricing Power on 2nd Generation Leases
3.
Sprawl to the Area is Fueled by Proximity to DC Metro, Attractive Cost of Living, & Plentiful Lifestyle Amenities
Brand-New, Single-Story Luxury 55+ Active Adult BFR Community by America’s Largest Homebuilder, D.R. Horton
EXECUTIVE
SUMMARY
Berkadia is pleased to exclusively present the exceptional investment opportunity to acquire Maple Grove (the “Property”), the first institutional quality, single-story, 55+ active adult build-for-rent community in Ruther Glen, VA. Located just south of Fredericksburg and within commutable proximity to both DC Metro (75 miles) and Richmond (38 miles), the Property provides easy accessibility to two core Mid-Atlantic markets that can be accessed by Interstate 95.
With Maple Grove now completing its initial lease-up, the Property’s proven upward rent trajectory, efficient layout (only two floorplans),tenant demographic profile, and lack of competing supply pipeline set the stage for new ownership to achieve substantial rent growth out of the gate.
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Property Overview
• Homes: 66
• YOC: 2023
• Avg SF: 1,500
• Market Rent: $2,155
• Market Rent PSF: $1.44
• Leased Percentage: 97%
THE ASSET
GALLERY
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A brand-new, 66-unit, active adult build-for-rent community of paired villas by America’s largest homebuilder, D.R. Horton.
7132 Maple Grove Way | Ruther Glen, Virginia | Richmond MSA
55+
Age Restricted
1,500
AVG Unit SF
66
Units
The Opportunity
The Asset
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MORTGAGE BANKING
Brett Moss
Managing Director
SFR/BFR Specialist
321.319.1414
brett.moss@berkadia.com
Tyler Swidler
Director
SFR/BFR Specialist
321.319.1415
tyler.swidler@berkadia.com
Cole Carns
Director
DC Metro
804.878.1258
cole.carns@berkadia.com
INVESTMENT SALES
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Why Us?
Floorplans
Pricing
Design
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The Team
© 2023 Berkadia Proprietary Holding LLC
Berkadia® is a trademark of Berkadia Proprietary Holding LLC
Investment sales / real estate brokerage business is conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Commercial mortgage loan origination and servicing businesses are conducted exclusively by Berkadia Commercial Mortgage LLC and Berkadia Commercial Mortgage Inc. Tax credit syndication business is conducted exclusively by Berkadia Affordable Tax Credit Solutions. This website is not intended to solicit commercial mortgage loan brokerage business in Nevada.
In California, Berkadia Real Estate Advisors Inc. conducts business under CA Real Estate Broker Lic. #01931050, Berkadia Commercial Mortgage LLC under CA Finance Lender & Broker Lic. #988-0701, Berkadia Commercial Mortgage Inc. under CA Real Estate Broker Lic. #01874116. For state licensing details for the above entities, visit: www.berkadia.com/legal/licensing
Berkadia®, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Berkadia® is amongst the largest, highest rated and most respected primary, master and special servicers in the industry. This advertisement is not intended to solicit commercial mortgage loan brokerage business in Nevada.
© 2023 Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Berkadia® and Berkadia Commercial Mortgage® are trademarks of Berkadia Commercial Mortgage LLC. Investment sales and real estate brokerage businesses are conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Commercial mortgage loan origination and servicing businesses are conducted exclusively by Berkadia Commercial Mortgage LLC and Berkadia Commercial Mortgage Inc. Tax credit syndication business is conducted exclusively by the Tax Credit Syndication group. For state licensing details for the above entities, visit: https://www.berkadia.com/licensing/.
4.
Convenient Regional Connectivity via I-95 (5 minutes from Property) to DC & Richmond Metro Areas
5.
Spacious Single Story Two- & Three-Bedroom Floor Plans Catering to the Under-Served Active Adult Renter
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Established & Affluent Resident Profile Underscores Long-Term Investment Durability and Future Rent Growth
Drew White
Senior Managing Director
DC Metro
202.294.6976
drew.white@berkadia.com
Carter Wood
Senior Director
DC Metro
804.350.2109
carter.wood@berkadia.com
Carter Wood
Managing Director
DC Metro
804.350.2109
carter.wood@berkadia.com
Drew White
Senior Managing Director
DC Metro
202.294.6976
drew.white@berkadia.com
Brian Gould
Managing Director
917.297.7551
brian.gould@berkadia.com
Patrick McGlohn
Senior Managing Director
703.987.0874
patrick.mcglohn@berkadia.com
Miles Drinkwalter
Vice President
757.652.9597
miles.drinkwalter@berkadia.com
Brian Gould
Managing Director
917.297.7551
brian.gould@berkadia.com
Patrick McGlohn
Senior Managing Director
703.987.0874
patrick.mcglohn@berkadia.com
Miles DrinkWalter
Vice President
757.652.9597
miles.drinkwalter@berkadia.com
Hunter Wood
Senior Director
804.513.6243
hunter.wood@berkadia.com