Preserving affordability at Haven Columbia Pike with Insight Property Group

Bethesda, MD — LEO Impact Capital, JBG SMITH’s workforce housing investment management platform, announced that the Impact Pool, an investment vehicle it manages, made a preferred equity investment 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 workforce housing for families earning 60% or less of Area Median Income (AMI) – roughly $88,500 – in one of the country’s most expensive areas. Haven Columbia Pike features a mix of one-to three-bedroom residences spread across six buildings in a highly desirable submarket of Arlington.

“The Impact Pool’s reach has exceeded our expectations, successfully creating and safeguarding more than 3,100 units of affordable workforce housing for families and workers throughout the Washington area. Scale matters when tackling housing challenges. Our strong partnerships and thoughtful investment approach are unlocking access to opportunity for residents, communities, 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 exceptional 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, beautifully 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 Community Center. It offers unmatched connectivity to major regional thoroughfares including I-395, I-95, George Washington Memorial Pkwy., and Rte. 50. The property is a 10-minute drive from Ballston and a 15-minute drive to National Landing and the Pentagon.