Springwoods at Lake Ridge
Multifamily
Springwoods at Lake Ridge is a high-quality value-add asset located in a suburb of Washington, D.C. with consistent rent growth and high barriers to entry. The property is located in the Woodbridge, VA submarket which has seen a 14% rent growth over the last 12 months. The population of Woodbridge is 4,668, which is an 11% increase from 2020. The convenient location provides excellent proximity to Washington, D.C.’s primary employers. Woodbridge has seen the job market increase by 1.9% over the last year. Future job growth over the next ten years is predicted to be 38.8%, which is higher than the US average of 33.5%.
This is neither an offer to sell nor a solicitation of an offer to buy the securities described herein. An offering is made only by the Private Placement Memorandum. This sales and advertising literature must be read in conjunction with the Private Placement Memorandum in order to understand fully all of the implications and risks of the offering of securities to which it relates. A copy of the Private Placement Memorandum must be made available to you in connection with this offering. An investment in Carter Multifamily Growth & Income Fund, LLC involves a high degree of risk and there can be no assurance that the investment objectives of this program will be attained.
Company
Carter Multifamily
Location
Woodbridge, VA
Overview
Springwoods at Lake Ridge is located in Woodridge, VA, part of the Washington, D.C. MSA, and is a garden-style multifamily property with 180 apartment homes. The property provides convenient access to major employers and direct access to Washington, D.C.