Property Description
Ponderosa Village is a 119-unit garden-style community in Columbus, OH, strategically acquired to expand our footprint in the Northern Woods submarket and leverage existing operational infrastructure across a 544-unit regional portfolio.
The property is adjacent to Pointe at Northern Woods (218 units) and Reserves at Northern Woods (316 units), creating a 653-unit portfolio with immediate operating synergies.
The strategy at Ponderosa includes interior renovations, rent repositioning, and operational efficiency - mirroring successful execution at adjacent assets. In addition to renovating all 119 units, the plan includes construction of a best-in-class centralized amenity hub nearby Pointe at Northern Woods, which will serve as the anchor amenity for all three assets.
Property Details
Acquired Date
Year Built
February 2025
1979
Units
119