03.

Property
Acquisition

Finding opportunities to make available affordable housing and entry-level ownership

Methodology + Purpose

We acquire properties in areas where we can preserve affordability, improve its economic/environmental performance, and enhance the lives of residents. We look to add entry-level workforce housing stock to the market to create a positive community impact. We acquire properties directly or work in joint ventures with local partners who share our vision of responsible investment.

We invest our efforts in communities with a 30% + concentration of renters, eviction rates over 5%, and poverty rates at 10% or greater.

There are rules to this

Location

With a key focus on Central Virginia, we are acquiring properties in the following areas

Richmond, VA
Petersburg, VA
Hampton Roads

WE HAVE A CODE

We look for properties where we can add value to the community and equity for home buyers

We look to preserve affordable housing and increase entry level housing stock by redeveloping existing properties.

CURRENTLY WE ONLY ACQUIRE PROPERTIES IN AREAS THAT MEET KEY CRITERIA