Insight Property Group and RSE Capital, an affiliate of Fundrise, said Tuesday that they have acquired two apartment communities near the Fort Belvoir army base.
The partnership bought Sacramento Square Apartments in Alexandria for $37.8 million and Lancaster Mill Apartments in Woodbridge for $20.1 million.
The acquisitions are part of a recently launched strategic partnership between Insight and RSE, with the firms planning to invest $200 million in Washington, D.C.-area real estate annually.
The venture purchased its first community, Canterbury Square in Alexandria, in August for $9.7 million.
