Tag: Virginia
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...
LCOR refinances Altaire apartments for $135 million
JLL Capital Markets announced that it has arranged $135 million refinancing for the 451-unit Altaire apartments in Arlington, Virginia. JLL worked on behalf of the...
Grosvenor Americas closes sale of Wheelhouse Apartments of Fair Oaks
Grosvenor Americas (‘Grosvenor’), the privately owned international property group, announces the sale of Wheelhouse Apartments of Fair Oaks (‘Wheelhouse’), a 491-unit apartment building at...
Colliers International announces sale of Lake Village in Chesapeake
Colliers International is pleased to announce the sale of Lake Village, a multifamily community located at 908 Lake Village Drive in Chesapeake. The property...
JLL sells Station on Silver multihousing property in Herndon
JLL Capital Markets announced that it closed the sale of the Station on Silver multihousing property in Herndon, Virginia. JLL worked on behalf of Woodfield...
Avanath Capital Management acquires two affordable housing communities totaling 209 units in Sterling, Virginia...
Avanath Capital Management, a private real estate firm that invests in affordable and workforce housing properties throughout the U.S., has announced the acquisition of...
NAA names 2020 Best Places to Work award winners
The National Apartment Association (NAA) has announced the winners of the 2020 NAA Best Places to Work award program, which identifies member organizations that...
Passco continues acquisitions activity with addition of 200-unit multifamily community in supply-constrained Northern Virginia...
Passco Companies, a privately held California-based commercial real estate company that specializes in acquisition, development, and property and asset management throughout the U.S., has...
