Multifamily news in Finance & Investment - Richmond
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Bluestone, Brentwood Pay $75M for Virginia Senior Housing
The new owners will implement a multimillion dollar capital improvement plan on the 950-unit property in Richmond.
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CAPREIT Acquires Virginia Portfolio for $167M
The four properties span more than 1,000 units in the Richmond-Hampton Roads market.
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Greystone Arranges $95M Financing for Multifamily Trio
The Freddie Mac loans will refinance two Class B communities along the East Coast and one in the Midwest.
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Kushner Acquires Richmond-Area Portfolio in $113M Deal
The three-asset portfolio last changed ownership in 2016 for $68.5 million.
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Greysteel Closes Richmond Affordable Asset Sale
Henry Mathies and Fletcher Hultman assisted the seller and secured the buyer of the 80-unit property.
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Berkadia Arranges $26M Virginia Community Sale
The transaction marks the first time the 224-unit Regency at Longhill changed hands.
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Hampton Roads 266-Unit Asset Trades for $43M
The new owner plans to invest more than $4.6 million into unit and common-area upgrades.
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Capital Square Scores $225M Financing
Walker & Dunlop assembled the debt package for five apartment communities across Virginia.
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ROSS Buys Community in Richmond Opportunity Zone
The new owner of the 98-unit asset is investing $3 million into capital improvements at the 1962-built property.
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Hampton Roads Project Gets $22M Financing
Bellwether Enterprise secured the loan for the developer of the 162-unit community, set for completion in late 2020.
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West End Capital Buys Hampton Roads Community
The new owner has renamed the 104-unit fully affordable multifamily asset and plans to invest in capital improvements.
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CBRE Arranges Sale, Financing of Affordable Virginia Asset
Governor’s Pointe in Chesapeake traded for $7.3 million. Jeff Kunitz and Peyton Cox acted on behalf of the seller, while Jim Flinn arranged a Fannie Mae loan for the buyer.
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Virginia Community Lands $30M Grant
The federal funds will go toward redeveloping the 256-unit Ridley Place public housing and the surrounding neighborhood. Pennrose is the master developer of the project.
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Berkadia Closes 2 Deals Totaling $100M
The brokerage originated a $31.7 million construction loan through HUD for a 232-unit community in Florida and sold a 414-residence townhome property for $68.9 million in Virginia.
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Berkadia Arranges $125M Financing for VA Properties
Totaling 655 units, the upcoming Magnolia Green Apartments and Faraday Park at Reston Station communities are located in Moseley and Reston.