Multifamily news in Richmond
-
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 -
Richmond Development Scores $40M Construction Loan
Berkadia arranged the financing on behalf of the developer, HHHunt Corp. First units will be available for occupancy by summer of 2018, and the community will be completed next summer.
26 May 2017 16:02 -
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 -
Dan Frink Joins Greystone’s FHA Lending Team
The company's new managing director brings two decades of industry experience, having served D3G for the past 20 years.
09 February 2017 15:47 -
Berkadia Lines Up $34M Refi for Richmond Asset
The firm worked on behalf of Stone Creek Apartments to arrange a HUD loan for the 264-unit property.
06 January 2017 16:47 -
Princeton Enterprises Nabs Richmond-Area Community
Webster Court in Petersburg traded for roughly $18,750 per unit.
06 January 2017 14:41 -
D3G Announces Updated Leadership Team
The company shuffled top positions with several high-profile recruitments and promotions.
24 November 2016 16:13 -
Oliver Properties to Deliver 50-Unit Community in Richmond
The $10 million Museum District development is slated for completion by mid-2017.
04 November 2016 08:00 -
AIG Global Taps Franklin Johnston to Manage 11 Properties
The Virginia and North Carolina properties add 1,174 units to Franklin's management portfolio.
20 October 2016 17:53 -
Richmond Adds Luxury Community
The 137-unit Charleston Ridge in Hanover County will welcome its first residents by mid-October 2016.
30 September 2016 09:45 -
High-End Community Opens in Hampton Roads
The 240-unit upscale property is owned and managed by Virginia Beach-based Franklin Johnston Group.
29 September 2016 15:35 -
ROSS Management Lands 1,200-Unit Portfolio
Three properties are located in a Washington, D.C., suburb, and a fourth is in Richmond, Va.
16 August 2016 10:20 -
Yardi Matrix: Richmond’s Rise
The capital of Virginia remains a steady market, having hit cycle-wide records this year for delivered units, rent growth, transaction volume, home prices and job gains.
10 August 2016 20:20