Categories: Virginia Business NewsVirginia State News

New Housing Development Announced for Ashburn, Virginia

Aerial view of CityHouse Ashburn Station, showcasing the townhome-style units and community amenities.

News Summary

Residents of Ashburn, Virginia can look forward to enhanced living spaces with the announcement of a $89.2 million investment in the CityHouse Ashburn Station project. This multifamily development will feature 200 townhome-style units and a host of community amenities, addressing the growing demand for quality rentals. The project, backed by American Real Estate Partners and Rithm Capital, highlights a significant commitment to improving the local housing market and enhancing the community’s living experience.

Big News for Ashburn: Exciting Developments on the Horizon!

Good news for the residents of Ashburn, Virginia! A new chapter in the local housing market is unfolding with the recent announcement of a hefty $89.2 million loan aimed at enhancing the community’s living spaces. Thanks to a collaboration between American Real Estate Partners, GreenBarn Investment Group, and their partner Rithm Capital, the CityHouse Ashburn Station project is ready to take off!

The Details: What to Expect

Founded upon the need for quality rentals, this project features a modern build-to-rent multifamily asset that has just been completed. CityHouse Ashburn Station will boast a total of 200 townhome-style units, nestled comfortably in Loudoun County. The loan, which closed on April 24, 2025, was facilitated by Acore Capital, locking in a three-year term with the possibility of two one-year extensions. Sounds like a great deal, right?

Perfect Timing with High Demand

With strong market demographics and a focus on high-quality living spaces, this project meets all the key criteria for successful investment. In a time where the demand for luxury build-to-rent homes is on the rise, this refinance opportunity showcases how appealing it is for investors and renters alike!

A Community-Based Development

The CityHouse development is designed with community living in mind, featuring an impressive array of amenities to enhance the lifestyle of its residents. With 15 buildings planned, this place isn’t just about providing shelter; it’s all about cultivating a vibrant community. The offerings include a dog park, a cozy picnic pavilion, walking trails, and multipurpose courts for sports and recreation. Whether you’re a young professional, a family, or a retiree, there’s something for everyone here!

Strengthening Their Portfolio

American Real Estate Partners is flexing its muscles in the investment world, having recently raised $309 million for its Strategic Opportunity Fund IV. A significant portion of the fund is designated to growing their data center platform, PowerHouse. This strategic move positions them as a notable contender in both data center and residential property development realms.

Rithm Capital’s Commitment

On the investment front, Rithm Capital is dedicated to delivering attractive risk-adjusted returns, navigating through various interest rate environments effectively. With a whopping $4.7 billion in dividends dispensed to shareholders since its inception, Rithm is proving to be a reliable partner for projects like CityHouse. They bring extensive expertise that greatly benefits the housing initiatives in the area.

What If You Want to Rent?

For potential renters, the CityHouse Ashburn Station aims to cater specifically to individuals looking for amenities and comforts of a single-family home lifestyle, without the worries of homeownership. Residents can expect the remaining phases to be completed and ready for move-in within the next 15 months. It’s the perfect opportunity for those seeking a new place to call home!

Wrapping It Up

The collaboration between these investment groups is not just about numbers, it is creating fulfilling living spaces that will enhance the quality of life in Ashburn. With so many exciting features and the promise of a lovely community atmosphere, CityHouse Ashburn Station is certainly a development to keep an eye on. Ashburn, get ready for a boost that’s bound to elevate your living experience!