Linden Property Group About

Richmond Skyline with Landscaped River View

Linden Property Group was formed in 2010 to acquire well-located multi-family properties that provide stable, risk-adjusted returns for our investors.

Linden focuses on workforce and affordable housing near amenities, employment, and transportation. We take an active role in asset management and capital markets, aiming to maintain optimal financial performance while providing first-class resident services for our communities. Our team has access to off market deal flow and extensive financing options through long-standing relationships with regional and national lenders, sellers, and brokers.

Linden has successfully acquired, financed, and operated communities in Virginia, the District of Columbia, Maryland, and West Virginia.

Who We Are

Who We Are

Our mission is to provide a high service apartment experience to renters of discount housing while creating stable, risk-adjusted returns for investors. We achieve our mission by acquiring apartment communities in need of physical, operational or managerial improvements and executing a repositioning that elevates the properties to our exacting standards.

Our Team

What We Do

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150+ Units with Total Deal Size of $25MM to $80MM
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Workforce and Affordable Housing, affordable to tenants with incomes under 100% of Area Median Income
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Asset purchase at a material discount to the replacement cost to construct the asset
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Advantageous cost basis due to off-market deal sourcing, property or seller distress, or financing challenges
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Viable investment using conservative capital, revenue, and exit assumptions
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Target stabilized return on cost of 7+% and gross IRR of 16+%
Our Portfolio

History

LPG-History-Founded
September 2010 Linden Property Group
was Founded
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February 2013 First acquisition in Northern Virginia, Ellsworth Apartments
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October 2014 First acquisition in DC,
Minnesota Flats Apartments
Linden at Martinsburg
January 2019 First acquisition in West Virginia, Linden at Martinsburg (Pheasant Run) in Martinsburg, WV
LPG-History-Parkside
January 2020 First acquisition in Richmond and surpassed 500 units under management with the acquisition of Linden at Parkside
The Grove, a Linden Community
September 2021 First acquisition in Hampton Roads and surpassed 1,000 units under management with the acquisition of The Grove, a Linden Community in Newport News, VA
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May 2022 First acquisition in Maryland, Towns at Pax River
in St. Mary’s County, MD
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September 2022 Surpassed 2,000 units
under management with the acquisition of Linden at North Shores

Partners

We are fortunate to partner and work with best-in-class regional and national business partners.