Multifamily news in Richmond

On the Market: 5 Interesting Listings for the Week of 4/30
This week's listings include a newly renovated age-restricted community in Vegas and a turnkey asset in central Richmond, Va.
Market Rate
Drucker + Falk Manages $1M Renovation in Newport News, VA
Already finished renovations include a new clubhouse, overhauled swimming pool and new features to the outdoor areas. In-unit upgrades are currently underway.
Market Rate
On the Market: 5 Interesting Listings for the Week of 4/9
This week's listings include a mixed-use investment opportunity on Manhattan's Upper West Side and a newly renovated community in the Denver metropolitan area.

  • Top 10 Apartment Owners in Richmond

    After lagging the nation for most of 2017, rent growth in the city started rebounding last December. Upscale demand is driven by large commitments made by tech companies in the area, bringing in new multifamily construction.

    10 April 2018 08:16

  • 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

  • Luxury Hampton Roads Community Selects Management

    The development, planned to encompass approximately 500 upscale apartments near Dollar Tree’s future headquarters, will also include 50,000 square feet of retail.

    05 April 2018 08:40

  • 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

  • Nusbaum Breaks Ground on Virginia Beach Project

    The $35 million Mezzo Apartment Homes will include 282 units and is seeking Earthcraft certification.

    08 March 2018 18:14

  • Upscale Demand Boosts Rent Growth in Richmond

    After trailing the U.S. average throughout the current cycle, the metro’s rent growth reached 2.6 percent as of December, bucking the national trend during 2017’s fourth quarter.

    06 March 2018 14:48

  • Walker & Dunlop Secures $34M HUD Loan for VA Community

    Dwight Dunton III of Bonaventure Realty Group and Philip Roper III bought Meridian Parkside in 2016. The financing will be used to pay off a portion of the ownership's assumed debt.

    23 February 2018 16:37

  • 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

  • Fulton Hill Properties Breaks Ground on Richmond Project

    Artisan Hill will be a 204-unit community adjoined by an artists' gathering place. The development, located at 1000 Carlisle Ave., near several parks and trails, is slated for completion in 2019.

    09 November 2017 14:03

  • High-Paying Jobs Add to Upscale Demand in Richmond

    Although overall employment growth is tepid and continues to trail the national rate, the metro’s economy is slowly but steadily diversifying, drawing investors and large projects.

    23 October 2017 13:45

  • Hunt Mortgage Facilitates Acquisition Loan for VA Property

    The company worked on behalf of Thalhimer Stratford to secure financing for the purchase of Stratford at Williamsburg, a 156-unit apartment community in Williamsburg, Va.

    20 October 2017 15:29

  • Berkadia Secures $96M for PA, VA Properties

    The company's HUD team secured financing for three properties: $67.1 million for two properties in Philadelphia, the largest HUD 223(f) loans originated in the area in the last five years, and $29.1 million for a property in Richmond, Va.

    20 September 2017 15:57