Tag: Virginia
Middleburg Communities welcomes Heath Flowers as Chief Technology Officer
Middleburg Communities welcomes Heath Flowers as Chief Technology Officer, with overall responsibility for technology operations and strategies for the company. His primary responsibilities include...
UIP, Churchill Living acquire 300-unit apartment tower across from Amazon HQ2
An affiliate of The UIP Companies, Inc. (UIP) and an affiliate of Churchill Living (CRE) have acquired The Millennium, a 300-unit apartment community directly...
JLL arranges $318.45 million financing for six-property multihousing portfolio
JLL’s Capital Markets group announced that it secured a $318.45 million acquisition loan for a six-property, 1,494-unit multihousing portfolio located across Maryland, Virginia and...
Cincinnati’s Don Brunner named 2022 NAA Chairman
Cincinnati real estate executive Don Brunner, BRG Realty Group, has begun his term as 2022 National Apartment Association (NAA) Chairman. He was installed at...
FCP announces sale of Townsend Square apartments in Fredericksburg, Virginia
FCP announces the sale of Townsend Square Apartments in Fredericksburg, Virginia to Acento Partners. The 200-unit apartment community was acquired by FCP in May 2014. “Townsend...
WPC acquires The Mark Apartments in Alexandria, Virginia for $52.7 million
Washington Property Company (WPC) has acquired The Mark, a 227-unit apartment tower in Alexandria, Virginia, for $52.7 million. The seller, an affiliate of Northpoint Realty...
Josh Gold joins National Apartment Association
The National Apartment Association (NAA) welcomed Josh Gold, CAE, CMP, as the new Senior Vice President, Member Education, Programs and Affiliate Engagement. Gold joins NAA...
NAA analysis finds U.S. households spend 27 percent of income on rent
The National Apartment Association (NAA) has released new research analyzing rent-to-income percentages, which are based on professionally managed residential lease applications screened by TransUnion’s...
Pam Weber joins NAA as NAAEI Vice President
The National Apartment Association (NAA) announced Pam Weber, CAE as the next Vice President of the NAA Education Institute (NAAEI). Weber brings a wealth of...
S.L. Nusbaum Realty Co. arranges $28.175 million sale of Virginia Beach apartment community to...
S.L. Nusbaum Realty Co. is pleased to announce Arbor Trace Apartment Homes was purchased for $28.175M (approx. $190,000 per unit) on September 10, 2021....
Nation’s apartment industry testifies before the House Committee on financial services
On behalf of the nation’s rental housing industry, the National Apartment Association (NAA) and National Multifamily Housing Council (NMHC), David Schwartz, Chairman and CEO...
Capital Square 1031 acquires another newly constructed, trophy multifamily community in Greater Richmond, Virginia
Capital Square 1031, a leading sponsor of Delaware statutory trust (DST) offerings for 1031 exchange and other accredited investors, announced the acquisition of Livingston...
Ravens Crest apartments in Virginia purchased for $113 million
JLL Capital Markets announced it has closed the $113 million sale of Ravens Crest, a multihousing property located in Manassas, Virginia, which is around...
Middleburg Communities names Reece Kimsey as Principal
Middleburg Communities announces that Reece Kimsey has been promoted to Principal, a reflection of his increased ownership in the firm’s business and a larger...
Standard Communities acquires 597-unit mixed-income senior community in Chesapeake, Virginia
Standard Communities, the affordable housing division of Standard Companies, has acquired Chesapeake Crossing, a 597-unit mixed-income senior community in Chesapeake, Virginia. The total capitalization...
