Richmond-Hampton Roads
Richmond Multifamily Report – October 2023
Despite the general slowdown, rents are still up year-over-year.
Bonaventure Pays $42M for Hampton Roads Asset
Completed in 2011, the property is part of a large mixed-use development.
Cantor Fitzgerald, Silverstein JV Secures Financing for Richmond Project
Truist Bank provided the loan.
Capital Square Secures Construction Financing for Richmond Residences
United Bank provided the loan.
Balfour Beatty to Build $240M Virginia Student Housing
The developer expects to deliver the community by fall 2025.
Railfield Realty Acquires Richmond Property
The asset previously traded in 2020 for $28.5 million.
Middleburg Moves Forward With 310-Unit Richmond Project
The Resmark Cos. is also part of the venture.
Capital Square Restructures Investments in Virginia Luxury Apartments
A new REIT-style investment structure resulted in returns at 161 percent on original investment.
Richmond Self Storage Changes Hands
Public Storage paid $4.5 million for the 331-unit property.










