Middleburg Closes First Deal on $75M Workforce Housing Fund

Middleburg says that it will continue to raise capital and add other assets and high net investors to the fund, which is expandable to $75 million and offers Middleburg the capacity to invest in approximately $250 million of assets.

A rendering of the renovated Vesta Derby Oaks in Louisville,KY.

VIENNA, VA—Locally-based real estate investment firm Middleburg reports it has launched a $75-million Workforce Housing Fund and has closed on its initial asset—the $30-million Vesta Derby Oaks in Louisville, KY.

In terms of the Workforce Housing Fund, Middleburg says that it will continue to raise capital and add other assets and high net investors to the fund, which is expandable to $75 million and offers Middleburg the capacity to invest in approximately $250 million of assets.

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John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.

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