Multifamily news in Richmond
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Richmond Multifamily Report – Fall 2019
Despite overbuilding fears across key submarkets over the past few years, the city kept its cool going into 2019’s last quarter, with long-term fundamentals still solid.
04 December 2019 13:00 -
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.
28 November 2019 09:38 -
Capital Square Scores $225M Financing
Walker & Dunlop assembled the debt package for five apartment communities across Virginia.
05 November 2019 21:31 -
Colliers International Facilitates $103M Sale in Richmond
The Class A community is located in West Creek, one of the city’s most popular neighborhoods that is home to several Fortune 500 companies.
28 October 2019 13:20 -
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.
11 October 2019 11:49 -
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.
10 October 2019 11:02 -
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.
10 October 2019 07:14 -
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