WASHINGTON, DC – Insight Property Group, with partner AHC, has announced its acquisition of Colvin Woods Apartments, a 259-unit community on Becontree Lake Drive in Reston, VA. The community will be re-branded as Haven Reston and, in partnership with Fairfax County Redevelopment and Housing Authority, the venture will preserve all 259 units for households earning between 60% and 80% of the area median income (AMI).
“Insight Property Group is excited to preserve affordability at Haven Reston and expand that opportunity to the entire community over the next several years,” said Tim White, Principal at Insight. “We are thrilled to partner once again with AHC, who has repeatedly demonstrated their commitment and success at preserving and expanding housing that is affordable and attainable to a growing segment of Fairfax County residents.”
“Partnering with local jurisdictions to address the urgent need for workforce and affordable housing in the DC Metro area has proven to be something that Insight is particularly well suited for,” said Insight Group Partner, Mae Klinger. “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. Culturally and operationally, Insight embraces a highly disciplined, institutional-level approach to investments that attracts equity partners of the highest quality who have the utmost faith in our ability to perform. For our municipal partners, the Insight team understands their housing goals and can be the partner that best helps them accomplish those goals.”
“Through our joint venture with Insight and with significant support from Fairfax County, we’re ensuring housing security for hundreds of individuals and families for decades into the future,” says Paul Bernard, AHC Inc. President & CEO. “Preserving the affordable housing in this gorgeous woodland area, full of nearby amenities, is central to our mission of helping residents thrive.”
Built in 1979, Haven Reston has provided naturally occurring affordability in a lush, silent setting convenient to all the amenities and job centers in and around Reston, VA. With the acquisition, 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.
Haven Reston has one and two-bedroom apartments with a community clubhouse, playground, fitness center, and swimming pool. The venture intends to invest in a number of improvements to building exteriors, common areas, and amenities, and landscaped areas. Gates Hudson has managed the property to date and the existing team has been retained to continue that management role.

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SAN ANTONIO, TX – A 252-unit multifamily property, Gardens at West in San Antonio, Texas, has been bought by Embrey, a diversified real estate investment company.
The property, built in 1995, will be rebranded to The Hayden on West Ave. The company’s nationally recognized and award-winning Embrey Management Services will take over property management.
The community’s ideal North Central location, adjacent to Highway 281 between Loop 410 and Loop 1604, provides convenient access to anywhere in the city. The area offers an outstanding employment base of more than 131,000 jobs within a five-mile radius. Nearby major employers include Amazon, Methodist and Baptist hospitals, Valero Energy, USAA, and more.
“This community is in one of the most stable rental markets in the country and offers residents a sophisticated yet casual atmosphere with resort-class amenities, nearby walking trails and quick access to downtown,” said Alex Sampson, Vice President of Acquisitions at Embrey. “We plot to fully renovate the property, elevating the resident experience to market standards. With this centralized location and the high-demand rental market in San Antonio, this is a terrific investment for Embrey.”
The Hayden on West Ave exemplifies Embrey’s value-add investment approach. With no properties under construction within a three-mile radius, a desirable location, a plotted unit interior, and amenity renovation, and a rebrand to The Hayden on West Ave, this community will appeal to the modern San Antonio renter.
“This acquisition signifies the momentum of our acquisition platform and capital base,” says Sampson. “Marking the second acquisition in the greater San Antonio area, we will continue to seek opportunities like this to make value for our capital partners.”
Embrey worked with PCCP, LLC on this acquisition, with debt funded by Comerica. Newmark sales brokers Matt Michelson and Pat Jones and debt brokers Tyler Nowlin and Andy Hill of Berkadia helped in the transaction.

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CHARLOTTE, NC – FCP and joint venture partner Crosland Southeast announced the acquisition and groundbreaking of The Exchange at Indian Land mixed-use development site at Charlotte Highway and Possum Hollow Road in Indian Land, SC within the Charlotte, NC MSA. The three- and four-tale residential community will include 400 apartment units and 35,000 square feet of retail space. Additionally, a new shopping center, including a Lowes Foods grocer and 20,000 square feet of retail space, will be part of this master-plotted development. First apartment units are anticipated to deliver in early 2024. Alongside FCP and Crosland Southeast, national homebuilder Taylor Morrison will also construct over 300 townhomes within the master plot.
“FCP is excited to partner with Charlotte-based Crosland Southeast on this very well-located and well-plotted development,” said FCP Senior Vice President, Alex Cathcart, who heads the firm’s Raleigh office. “The Exchange at Indian Land will provide much-needed apartment living in a rare walkable environment, close to job centers and retail services.”
Indian Land is one of the fastest growing suburbs of Charlotte, featuring highly rated schools and an brilliant quality of life. The Exchange at Indian Land apartments will offer direct access to major employers such as Red Ventures, Continental Tire, Movement Mortgage and the future MUSC Hospital, and the site lies just south of the Ballantyne area, home to more than 40,000 jobs. The community will be adjacent to a newly-opened YMCA that features an indoor pool, after-school child care, walking tracks, ballfields, and more.
“We’re keen to get dirt moving after nearly two years of plotting,” said Yates Dunaway, Senior Vice President of Crosland Southeast. “Like with many of our past projects, we expect the mixture of uses to make an attractive environment for our future residents and neighbors.”

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