VENTURA, CA – Apartment Ventures is pleased to announce the acquisition of Ashwood Gardens, a 96-unit residential property in Ventura, California. With this addition in mid-February, Apartment Ventures completed close to $150M in transactions in Q1 2021. With two more transactions in the pipeline—one in Orange County, CA and another in the Phoenix metro area—2021 is off to a fantastic start at Apartment Ventures.
Ashwood Gardens is a $29M+ asset well-positioned close to Ventura s downtown area and Ventura City College, with entertainment and harbor amenities nearby. Until now, the community has been held by a single owner since its development in 1980. Structurally, the asset has been carefully maintained, and Apartment Ventures looks forward to incorporating their industry-leading renovation and management skills as part of their value-add plans over the next two years.
Ashwood Gardens property boasts two spacious unit types perfect for a growing work-from-home market, offering both 865 square feet and 1,240 square feet units, all with either a balcony or patio. The community also provides enhanced homelike amenities such as pool, club-house, billiards room, fitness center and privacy gate, within a tranquil, park-like setting.
Apartment Ventures ability to buy this and other unique assets is due in large part to their established relationships within the entire multi-family community.
As a single-owner property, Ashwood Gardens is a once-in-a-generation buy, says Kari Wilfong, Principal & COO at Apartment Ventures. We re very proud of this buy and of all that we have accomplished so far this year. Our successful transactions are the result of deep relationships within our target regions, and we are looking forward to bringing all our experience and skills continue adding value to these already brilliant communities.

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GAITHERSBURG, MD – Affiliates of Harbor Group International, LLC (HGI), a privately owned international real estate investment and management firm, announced the sale of The Gateway, previously Jefferson at Orchard Pond, a 748-unit, garden-style apartment community in Gaithersburg, Md., a submarket of Washington, D.C.
HGI bought the property in 2015 and instituted a capital improvement program to enhance the marketability of the asset. HGI initiated an HVAC conversion project to decrease net utility costs of the asset and implemented plans to address deferred maintenance, improve curb appeal and renovate the interiors of 200 units. HGI also repositioned the property’s amenity set with the addition of outdoor kitchen stations and two dog parks and improvements to the property’s clubhouse, tennis courts and other common spaces.
“The Gateway is a prime example of Harbor Group International’s value-add strategy of positioning assets to better compete in their respective markets,” said Richard Litton, President of HGI. “Located in a prominent submarket, The Gateway was quick to achieve its business plot and generated significant value for our investors.”
Built in 1973 and 1975, The Gateway is located in the “DNA Alley” area of Montgomery County, known as a hub for large biotechnology firms centered on the National Institutes of Health. The property is well-located, within walking distance to the Metropolitan Grove MARC rail station and near the Shady Grove Metro Station, providing simple travel throughout the Washington, D.C. metro area. The property is also accessible to D.C. and Baltimore through Interstates 270 and 370.

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ORLANDO, FL – Aventon Alaira officially opened and is showcasing a gorgeous 8,000 sq. ft. clubhouse and leasing center, 15,000 sq. ft. pool courtyard with a saltwater pool, outdoor summer kitchen with fire pits, grilling stations, hammock garden, gaming lawn, 24/7 fitness center, electric car charging stations, dog spa and an Amazon package locker system to name a few.
Residents can expect to come home to one of our 296 high-end one-, two- or three-bedroom modern homes featuring center islands, quartz countertops, custom cabinets, upgraded stainless steel appliance packages, washers and dryers, undermount cabinet lighting, smart home technology, wood-style plush custom flooring, chrome hardware, ceiling fans, and so much more.
Located just off 417 and minutes from Interstate 4 including all of Orlando’s theme parks, Aventon Alaira is ideally situated so you can adventure on to anything Orlando has to offer including an eclectic mix of shopping, restaurants, and entertainment. Lindy Ware, CEO at Pegasus Residential said, “We are ecstatic to be working with Aventon on this new deal and to be building our presence in the Orlando market. This community is a stunning representation of the new standard in apartment living, where high-end finishes and vast amenity packages are a must. We can’t wait to see how this community impacts growth in the local market.”
The community is now offering in-person and virtual hard-hat tours. The leasing center is open Monday through Friday from 9:00 AM to 7:00 PM, Saturday from 10:00 AM to 5:00 PM, and Sunday from 1:00 PM to 5:00 PM.
“We are excited to bring a Class A residential community to the area that will provide our residents with a truly unique living experience,” said Burk Hedrick, vice president of development for Aventon Companies. “This location provides quick access to major transportation networks, regional employment centers, exceptional restaurants and retail in the south Orlando market.”

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