Insight Property Group & AHC Inc Acquires Multifamily Property On Becontree Lake Dr In Reston, VA With $50.4M Loan From EagleBank

The property involved in this transaction is a multifamily asset located at 11027 Becontree Lake Dr in Reston, VA. The property consists of 259 units and spans across 21 acres. The loan for this transaction was provided by EagleBank in the amount of $50,400,000. The landlords of the property are Insight Property Group and AHC Inc.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $50,400,000
• Address: 11027 Becontree Lake Dr, Reston, VA
• Market: Reston, VA
• Units: 259
• Acres: 21
• Lender: EagleBank
• Landlords: Insight Property Group & AHC Inc

EagleBank provided the loan for this transaction, facilitating the acquisition of the multifamily property at 11027 Becontree Lake Dr in Reston, VA. Insight Property Group and AHC Inc are the landlords involved in this deal. The property encompasses 259 units and spans across 21 acres.