Virginia Portfolio

The Virginia portfolio originally consisted of 112 units across three properties in the Richmond, VA submarket. Following the sale of Edgewood in June 2024, 64 units remain under Sage Homes' portfolio, offering a mix of one- and two-bedroom residences. Strategically positioned to meet the region’s growing demand for quality housing, the portfolio reflects Sage Homes’ commitment to delivering long-term value, supporting community growth, and maximizing investment performance.

Investment

In 2022, following the highly successful disposition of their inaugural development in the Burlington market, Sage Homes leveraged a 1031 exchange to acquire the 112-unit, value-add Virginia portfolio. This strategic acquisition reflected Sage’s ongoing commitment to identifying and optimizing high-potential assets. Of the original 112 units, 64 remain under Sage management within the Huntwood and Oakwood communities, continuing to generate long-term value and stability for investors.