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Washington DC  + DC Metro  + Apartments  | 
Insight Property Group and AHC, Inc., have acquired Colvin Woods Apartments (now Haven Reston) in Reston, VA.

Insight Property Group Acquires Reston Community for Affordability Preservation

Arlington, VA-based Insight Property Group, with partner AHC, Inc., has acquired Colvin Woods Apartments, a 259-unit community on Becontree Lake Drive in Reston, VA. In partnership with Fairfax County Redevelopment and Housing Authority, the venture will preserve all 259 units for households earning between 60% and 80% AMI. 

“Our founders’ roots are firmly planted in the pursuit of attainable housing and we have spent decades involved in and advocating for solutions to affordability in a rapidly growing region with dramatically increasing housing insecurity such as ours,” said Mae Klinger, Insight Property Group partner.

Insight Property Group and AHC will phase in affordability income and rent requirements over the next three to five years. No current residents will be displaced over the next five years regardless of income.

Gates Hudson has managed the 1979-constructed property (rebranded Haven Reston) to date and has been retained to continue that management role.

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Insight Property Group's Klinger

About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.

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