Charter Oak Apartments Under New Management

Wheelock Street Capital acquired Charter Oak Apartments in partnership with local investment firm Canandaigua & Pratt Holdings this month.

The news comes as Wheelock Communities, an affiliate of the company, acquired Hidden Creek Country Club in October. The club is adjacent to the apartments, which are located at 11637 Charter Oak Court.

The real estate firm has no immediate plans to redevelop the apartment community, which has 262 units and a mix of one- and two-bedroom apartments.

“As for future plans, they have retained Gates Hudson to manage the property in its current form,” wrote Jeff Laliberte, Wheelock’s managing director, in a statement to Reston Now.

“We plan to invest additional capital into the property in the coming years and look forward to continuing to provide the Reston community with attractive housing options,” he added.

At the adjacent golf course, however, the company’s affiliate has hinted at possible redevelopment, including “new housing choices,” in the future.

A company representative would not disclose the terms of the apartment acquisition, including the purchase price.

Photo via Charter Oak Apartments

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