CHICAGO, IL--(Marketwired - Jan 14, 2015) - Growth Equity Group, a real estate company specializing in residential income-producing investment properties for individuals, today announced it acquired Midlands Townhomes, a new rental housing development in Williamsburg, Virginia, minutes away from The College of William & Mary. Midlands Townhomes are pre-approved with non-recourse financing. The property is supported by strong economic growth trends and demographic factors including a growing population of students.
The Midlands acquisition comes on the heels of Growth Equity Group's successful acquisition of the Timberwoods development in Newport News, Virginia. Like Timberwoods, the Midlands Townhomes development offers an extremely lucrative investment opportunity.
"Located in one of the strongest rental markets in Virginia, we believe the Midlands Townhomes development provides individuals with a compelling opportunity to add income-producing assets to their investment portfolio," said Brett Immel, senior partner and co-founder of Growth Equity Group. "Given the strong demand for properties that Growth Equity Group experienced with the Timberwoods development, we encourage interested parties to contact us immediately."
The Midlands development is strategically located within walking distance to The College of William & Mary and main shopping centers, making it an ideal choice for the large population of college students and more than 2,500 university employees driving high rental demand in Williamsburg.
Additional features include:
- 1,020-1,189-square-foot properties
- 2-3 bedroom units; 1.5-2 bathrooms
- Pre-approved, non-recourse financing
- Low association fees include insurance and city water, lawn services, landscaping, and general exterior maintenance among other repairs
"In the midst of an expanding local economy and thriving collegiate environment, Midlands Townhomes offers individuals significant portfolio diversification value with an increased layer of protection and reduced risk," said Preston Despenas, senior partner and co-founder of Growth Equity Group.
Growth Equity Group analyzed the Midlands Townhomes development for more than a year to gain a deep understanding for the underlying fundamentals and key indicators in the market. For individuals looking to add income-generating real estate to their investment portfolio, Midlands offers the potential for strong returns both immediately and in the long-term.
To learn more about Midlands Townhomes, visit www.growthequitygroup.com or call (866) 904-3336.
About Growth Equity Group
Growth Equity Group is a real estate company specializing in residential income-producing investment properties for individuals. Growth Equity Group makes investing in real estate easy by offering inventory, non-recourse financing and management services. Headquartered in Chicago, Illinois Growth Equity Group is backed by more than 25 years of experience and over $150MM in residential real estate transactions. By leveraging expertise, resources and relationships, GEG pushes the traditional market approach to provide superior market analysis. For more information, please visit www.growthequitygroup.com.
