The Willows at Victoria Falls is a unique, independent senior apartment community situated within the Victoria Falls planned community, which has 610 rental apartments, condos and single-family homes for individuals aged 55+. The community offers luxurious homes with modern Class A finishes and private garages, and the largest floorplans in the submarket, averaging 1,655 sq.ft. per unit. Residents have access to a well-appointed amenity package that features indoor and outdoor salt water swimming pools, a state-of-the-art fitness center, and tennis courts.
Completed in 2014, the apartments reached 97% occupancy in just nine short months of lease-up, proving the strength of the demand for this product in the area. This product type also experiences very little turnover, creating a stable long-term investment. “Demand for luxury housing that caters to the aging Baby Boomer demographic will remain strong, as there are almost 77M individuals aged 65 and over across the U.S.,” said Mr. Roohan, Vice Chairman, CBRE Capital Markets, Multifamily.
The Willows at Victoria Falls is strategically positioned in Laurel, in the heart of the Baltimore-Washington Corridor.Located just 13 miles from Washington DC, the property is proximate to the endless retail, entertainment and cultural attractions within and around the Nation’s Capital.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2014 revenue). The Company has more than 70,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 400 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.