Richmond-Hampton Roads
Richmond Multifamily Report – Spring 2021
On the heels of a very strong 2020, the metro’s multifamily market has continued to outperform despite economic woes.
Richmond-Area Property Gets New Owners
Capital Square Apartment REIT has acquired a newly completed Class A community in Midlothian, Va.
Richmond Multifamily on Firm Footing
Breeden Property Management Vice President Barry Tomlin highlights the strengths of the metro’s multifamily market, zeroing in on key trends and strategies.
Harbor Group International Acquires Portfolio for $306M
The communities comprise more than 2,300 units in North Carolina and Virginia.
Bluestone, Brentwood Pay $75M for Virginia Senior Housing
The new owners will implement a multimillion dollar capital improvement plan on the 950-unit property in Richmond.
CAPREIT Acquires Virginia Portfolio for $167M
The four properties span more than 1,000 units in the Richmond-Hampton Roads market.
Virginia Senior Housing Project Breaks Ground
Watercrest Senior Living Group and Harbert Seniors Housing Fund II have started work on the 98-unit luxury community outside of Richmond.
Greystone Arranges $95M Financing for Multifamily Trio
The Freddie Mac loans will refinance two Class B communities along the East Coast and one in the Midwest.
Allied Orion to Manage 3 Military, Corporate Housing Properties
Totaling some 800 units, The Accend Cos.’ buildings are situated in San Antonio, Tampa, Fla., and Norfolk, Va.
Mixed-Income Communities Open in Richmond’s Jackson Ward
The $30 million second phase of the revitalization project has 154 units designated for seniors and workforce housing.