Richmond-Hampton Roads
L5 Investments Makes $23M Debut in Richmond
The multifamily investment firm and its partner have made its first acquisition in Virginia, with plans to complete a more than $2.6 million renovation of the property.
Coveted Suffolk, Va. Lands Upscale Community
The 228-unit Bainbridge 3200, situated in the heart of Suffolk’s Harbourview area, opened its first units in March and is expected to be completed by late summer.
CAPREIT Snags 978-Unit Virginia Apartment Portfolio
The major apartment owner and operator acquired a five-community apartment portfolio in the Richmond area, with plans to keep the units affordable.
Dominion Realty Partners Enters the Charlottesville Market
DRP’s newest development, Fifth Street Place, will be the newest apartment community in Charlottesville, Va., marking the company’s first project in the market.
Two Richmond Apartment Communities Command $14.22M
Time Equities acquired the communities, which included a total of 123 units.
Chicago Investor Buys First Senior Housing Property in Richmond
Verena at Virginia Center, a 118-unit independent living community has recently traded hands and received acquisition financing.
Greystone Funds $6 Million Acquisition of Portsmouth M-F Complex
Greystone, a financial services and private investment group with headquarters in New York, announced this week it has closed on a $6 million Delegated Underwriting and Servicing loan from Fannie Mae. The loan will be used for the acquisition of Cedarfield at Churchland Apartments in Portsmouth, Virginia.
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