Washington, D.C., August 18, 2025 – Bozzuto, a nationally recognized, experience-focused real estate company known for its award-winning property management, development, construction, and homebuilding, and Invesco Real Estate, the $85 billion global real estate investment platform of Invesco Ltd., have jointly acquired Ashton at Dulles Corner, a 454-unit apartment community in Northern Virginia’s high-growth Reston-Herndon corridor. The acquisition is the second in the firms’ joint $330 million multifamily investment program, which has an overall deployment capacity of approximately $1 billion and targets value-add multifamily assets across key East Coast markets.
Located in one of the Washington, D.C. metro area’s most dynamic economic hubs, the community offers access to major employment centers, a robust economic base and sustained job growth. The partnership plans significant upgrades to approximately 75% of the residences as well as amenity spaces, corridors and other common areas, enhancing the living experience and positioning the community for long-term performance.
“This acquisition reflects our shared commitment to identifying and enhancing high-quality communities in thriving markets,” said Toby Bozzuto, President and CEO of Bozzuto. “Northern Virginia continues to see strong job growth, and we look forward to elevating Ashton at Dulles Corner through thoughtful renovations and best-in-class management.”
The joint venture’s investment strategy targets properties built in 2000 or later with 150 or more units, located in markets including Massachusetts, New York, New Jersey, Washington, D.C., North Carolina, Tennessee, Georgia, and Florida. The acquisition follows the partnership’s first purchase, Enders Place in Orlando’s Baldwin Park, and reinforces its commitment to high quality, well located multifamily communities.
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About Invesco Real Estate
Invesco Real Estate is a global leader in the real estate investment management business with $85 billion in real estate assets under management, 605 employees and 21 regional offices across the U.S., Europe and Asia Pacific as of December 31, 2024. With over a 40-year history, Invesco Real Estate invests across the risk return spectrum, from core to opportunistic; in equity and debt; listed and direct; locally and globally. Invesco Real Estate is a business name of Invesco Advisers, Inc., an indirect, wholly owned subsidiary of Invesco Ltd.
About Invesco Ltd.
Invesco is a global independent investment management firm dedicated to delivering an investment experience that helps people get more out of life. Our distinctive investment teams deliver a comprehensive range of active, passive and alternative investment capabilities. With offices in more 20 countries, Invesco managed $1.8 trillion in assets on behalf of clients worldwide as of March 31, 2025. For more information, visit invesco.com/corporate.
About Bozzuto
Bozzuto is an experience-focused real estate company distinguished by its innovative developments, dedicated customer service, and top-rated workplace culture. With award-winning expertise in homebuilding, multifamily development, construction, and management, Bozzuto is devoted to delivering extraordinary experiences for those they serve.
Since its founding in 1988, Bozzuto has developed, acquired, and built more than 62,000 homes and apartments. Celebrating 37 years of creating sanctuary, Bozzuto currently manages 130,000 apartments and 4 million square feet of retail space across the U.S. For more information, visit Bozzuto.com.