Ari Azarbarzin and Gabe Tovar, leaders of Northmarq’s specialty Build-To-Rent team, have successfully completed the sale of West Wind, a 95-unit build-to-rent community located in Stephens City, Virginia. The seller was represented by Northmarq with support from Chris Doerr, Will Harvey, Shack Stanwick Matt Straughan Wink Ewing and Anthony Pino. The buyer for this property was a joint venture between RockBridge Investment Group and DSP Real Estate Capital with acquisition financing secured by Northmarq’s Debt + Equity team consisting of Tom Peloquin Cabell Thomas and Rich Choisser.
Constructed in 2023 West Wind offers two-story three-bedroom townhomes equipped with state-of-the-art smart-home technology. Residents can take advantage of the pet- and family-friendly amenities including picturesque surroundings walking trails an outdoor play area. According to Azarbarzin “Investors were highly attracted to this opportunity due to the rapid growth in Winchester region as well as its strategic location within commuting distance to Washington D.C. and Dulles Technology Corridor.”
The sale marks another successful transaction for Northmarq’s Build-To-Rent division which continues to thrive amidst growing demand for rental properties in Northern Virginia.
