Deals - Richmond

  • Drucker + Falk Buys 396-Unit Hampton Roads Asset

    Federal Capital Partners sold the Newport News community for $46.7 million after a 7-year holding period. The new owner is planning on implementing several upgrades.

    10 October 2018 14:58
  • Brick Lane Expands Richmond Presence With $25M Buy

    BAF Associates sold the 348-unit Falling Creek Apartments, and HFF secured joint venture equity and debt financing.

    29 August 2018 15:02
  • Historic Richmond High-Rise Sells for $39M

    Built in 1913, the 19-story First National Bank building was the city's tallest tower at that time. In 2012, its owner converted the property into a 154-unit community.

    05 July 2018 16:24
  • Value-Add Virginia Beach Property Trades for $52M

    Seminole Trail Properties has purchased Mariner’s Cove, a 458-unit garden-style community situated within walking distance of two shopping centers.

    18 June 2018 13:42
  • Hunt Mortgage Arranges $9M Loan in VA

    Geller Associates acquired Lee’s Landing in Newport News and will improve the community in order to qualify for the Fannie Mae green rewards program.

    05 April 2018 17:51
  • JV Buys 400 Units in VA

    The partnership acquired 77 buildings of the total 95 at the Newport News community. The acquisition is the fourth for Brick Lane in this area, and the first for Red Starr in the last five months.

    22 March 2018 13:17
  • Community Preservation Partners Buys Richmond Affordable Community

    The company plans to rebrand the 216-unit Midlothian Village Apartments as The Belt Atlantic and invest $9.7 million into the property’s renovation.

    15 March 2018 17:49
  • Aurelie Capital Spends $20M in Richmond

    Millspring Commons, a 159-unit community in Virginia, is the new private equity firm’s first acquisition. The company plans to add value by finishing a renovation program started by the previous owner.

    12 January 2018 16:27
  • Hunt Obtains $23M Financing for VA and MD Assets

    The company provided an acquisition loan for the 176-unit Trellis at Lee’s Mill Apartments in Newport News, Va., as well as a refinancing loan for the 162–unit Hickory Hill Apartments in Frederick, Md.

    15 December 2017 17:36
  • Value-Add Portfolio Trades in Norfolk, VA

    The five-community portfolio offers 124 units and easy access to the beach. The buildings are located near several planned projects in the Ocean View area.

    08 December 2017 16:03
  • Richmond Community Changes Hands

    The 75-unit 2001 East Apartments, which is located close to the Church Hill Historic District, traded for $9.7 million. Rents at the residential property, which also has two commercial suites, equate to an average of $1,177.

    09 June 2017 16:39
  • Richmond Assets Trade for $6M

    Marcus & Millichap brokered the sale of The Park at Forest Hill and Chateau de Ville, two properties totaling 119 units. The communities are located within a three-minute drive of each other.

    29 May 2017 13:30
  • H2 Capital Nabs Virginia Assets

    The Mid-Atlantic purchase is the first out-of-state deal for the Colorado-based company. H2 Capital paid a combined $20.6 million to acquire two communities totaling 300 units.

    18 May 2017 17:44
  • PAC Buys Recently Built Virginia Community

    The company purchased Founders Village, a 247-unit community in Williamsburg, Va., and financed the acquisition using a portion of the proceeds from a 1031 exchange sale.

    05 April 2017 14:09
  • Princeton Enterprises Nabs Richmond-Area Community

    Webster Court in Petersburg traded for roughly $18,750 per unit.

    06 January 2017 14:41