Wellington Place and Lawndale Farms Apartments

This two-property portfolio located in Henrico, Virginia, near Richmond International Airport, consists of 250 multifamily units. Wellington Place includes 25 two-story resident buildings with two-bedroom, two-bathroom apartments, and nearby Lawndale farms offers three two-story residential buildings with two-bedroom, one-bathroom townhomes. Residents of both communities use the amenities and leasing office at Wellington Place.

• 96.5% occupancy (as of September 30, 2026)
• High resident retention rate (81% of leases that matured in the first half of 2025 were renewed at Wellington Place; 76% of leases that matured through September 3, 2025, were renewed at Lawndale Farms)
• Swimming pool
• Playground
• Laundry facilities
• On-site management and maintenance

About the market

• Named #1 U.S. market for rent growth (RealPage, 2024)
• Named #2 fastest-growing metro in the country for jobs and new talent (LinkedIn, 2026)
• Named #14 among “Best Places to Live in the U.S.” (U.S. News & World Report, 2024)