Richmond-Hampton Roads

Richmond Virginia - City Skyline

Richmond Multifamily Report – April 2026

This market is a national leader for a key metric.

Exterior shot of Allure at Edinburgh, a luxury multifamily community in Chesapeake, Va.

Passco Cos. Buys Hampton Roads Community

This is the first time the asset has changed hands.

Royal Pointe Apartments, a 208-unit multifamily community in Virginia Beach, Va. that was acquired by Bonaventure for $39.5 million.

Bonaventure Buys Virginia Beach Asset for $40M

The buyers plan to make value-add improvements to the property, which was built in the late 1980s.

A rendering of the multifamily project taking shape at the former site of Greyhound facility in Richmond, Va.

AIP, Pointsfive Prep $132M Redevelopment in Richmond

The project is taking shape at the site of a Greyhound bus terminal.

Exterior rendering of the multifamily project at 3200 W. Moore St., Richmond, Va.

Hoffman, DeBartolo Start $144M Richmond Development

The team anticipates completion in 2028.

A rendering of Chasen.

Capital Square Completes 352-Unit Richmond Project

Chasen is the fifth Opportunity Zone development by the firm in the neighborhood.

Exterior shot of Livano Norfolk/District 757, a community in Norfolk, Va.

LIV Development Sells Richmond Asset

The buyer took out a Fannie Mae loan.

A rendering of 3200 W Moore St. in Richmond.

Hoffman, DeBartolo Land $144M for Richmond Project

Development is taking shape in a former industrial district.

The pool at Red Knot at Edinburgh Apartment Homes in Chesapeake, Va.

McCann Realty Partners Acquires 336-Unit Virginia Community

Pegasus Residential will be the community’s new property manager.

A photo of Emerald Lake, a 132-unit community located in Elizabeth City, N.C., located roughly 40 miles south of Norfolk.

Newbrook Acquires 2-Property Virginia Portfolio for $58M

The Norfolk, Va.-area communities came online in the 1990s.