Multifamily news in Richmond
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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.
28 June 2019 20:08 -
Richmond Multifamily Report – Spring 2019
The metro’s apartment market remained unfazed by last year’s modest employment gains and rents were up 3.4 percent year-over-year as of March, above the national average.
04 June 2019 11:03 -
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.
30 May 2019 16:40 -
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.
07 May 2019 12:07 -
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.
22 March 2019 13:39 -
Capital Square 1031 Completes VA Multifamily Purchase
The firm acquired Summit at Bon Air Apartments in a Richmond, Va., suburb through a Delaware statutory trust (DST) offering that was fully subscribed by 61 investors.
14 March 2019 13:54 -
Pollack Shores Enters Mid-Atlantic Market
The company acquired The Flats at West Broad Village, a 339-unit apartment community in Glen Allen, roughly 15 miles from Richmond, Va.
07 March 2019 14:24 -
On the Market: 4 Interesting Listings for the Week of 1/21
This week's listings include a value-add opportunity in a highly populated area of Connecticut, an affordable asset in central Las Vegas, and more.
28 January 2019 10:21 -
On the Market: 5 Interesting Listings for the Week of 12/17
This week's listings include a Fort Lauderdale-area property situated in an IRS-designated Opportunity Zone, a turn-key luxury investment in Richmond, Va., and more.
24 December 2018 14:59 -
Job Gains Keep Absorption Steady in Richmond
Healthy absorption of new stock and job growth continue to boost the metro's multifamily market, despite the area's sluggish economy.
18 December 2018 13:26 -
Donaldson Group Expands Management Portfolio
The company has taken over management operations at two recently sold communities in Virginia—the 457-unit Rivermont Crossing in Chester and the 168-unit Lafayette in Norfolk.
26 October 2018 16:14 -
Castle Lanterra Acquires VA Community
The 224-unit Meridian Obici in Suffolk includes a saltwater pool, a dog park and a car-care center. The deal marks the company’s second acquisition in the state.
12 October 2018 15:29 -
On the Market: 4 Interesting Listings for the Week of 10/8
This week's listings include a value-add opportunity north of NYC and a 1900-built, recently renovated community in a busy Richmond, Va., neighborhood.
12 October 2018 15:16 -
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 -
CPDC Breaks Ground on VA Mixed-Income Development
The community in Richmond's Jackson Ward neighborhood will comprise two buildings, one for low-income seniors and the other dedicated to workforce housing.
27 September 2018 17:14