M id A tlantic Real Estate Journal — Owners, Developers & Managers —September 2025 — 33
www.marej.com
O wners , D evelopers & M anagers
Preserving affordability at Haven Columbia Pike with Insight Property Group 118 Apartments secured for workforce housing through LEO Impact Capital investment
ETHESDA, MD — LEO Impact Capi- tal, JBG SMITH’s workforce housing invest- ment management plat- form, announced that the Impact Pool, an investment vehicle it manages, made a preferred equity invest - ment in Haven Columbia Pike. This investment will preserve the affordability of all 118 apartments at the property, a garden style residential community in Arlington, VA owned by Insight Property Group . LEO’s investment allows Insight to recapitalize the property, fund significant capital improvements, and dedicate 118 units to work - force housing for families earning 60% or less of Area Median Income (AMI) – roughly $88,500 – in one of the country’s most expen- sive areas. Haven Columbia Pike features a mix of one-to three-bedroom residences spread across six buildings in a highly desirable sub- market of Arlington. “The Impact Pool’s reach has exceeded our expecta- tions, successfully creating and safeguarding more than 3,100 units of affordable workforce housing for fami- lies and workers throughout the Washington area. Scale matters when tackling hous- ing challenges. Our strong partnerships and thoughtful investment approach are unlocking access to opportu- nity for residents, communi- ties, and investors,” said AJ Jackson , president of LEO Impact Capital. Jackson added, “Haven Columbia Pike stood out to us based on Insight Property Group’s strong sponsorship and desire to create excep- tional housing for renters in a great neighborhood bolstered by retail, parks, transit, and access to major local employers.” Haven Columbia Pike is a pet-friendly community with 99 off-street parking spaces, bike storage, beau- tifully landscaped grounds, and individual storage units. Located at 805 South Florida St. in Arlington, the property boasts superb access to local amenities including Tyrol Hill Park and Arlington Mill Com - munity Center. It offers unmatched connectivity to B
major regional thorough - fares including I-395, I-95, George Washington Memo- rial Pkwy., and Rte. 50. The property is a 10-minute drive from Ballston and a 15-minute drive to National Landing and the Pentagon. This acquisition adds to the Impact Pool’s growing portfolio of quality work - force housing. Launched in 2019, the Impact Pool was created by JBG SMITH and the Federal City Council. The Impact Pool is a $115 million investment vehicle that works with non-profit
and for-profit mission driven sponsors to acquire privately owned and unsubsidized housing that’s affordable to everyday working house- holds, lock in affordability, invest in the buildings, and operate them using strate- gies designed to stabilize residents rather than push rents. Since making its first investment in 2020, the Impact Pool has helped create and preserve more than 3,100 units across DC, Maryland, and Virginia, out- pacing its goal to invest in 3,000 units by 2025. MAREJ
Haven Columbia Pike - © Insight Property Group
QUALITY COMMITMENT PERFORMANCE
Geotechnical Design & Analy
nvironmental Site Assessments and
www.earthengineering.com Corporate Headquarters: 610-277-0880 Lehigh Valley: 610-967-4540 Central PA: 717-697-5701 South Jersey: 856-768-1001
Made with FlippingBook. PDF to flipbook with ease