Fulton Realty Capital advised a high-net-worth individual on the acquisition of a multifamily community in Southeast Virginia. The off-market asset was sourced by Fulton's commercial real estate experts. The team also arranged a Government Sponsored Enterprise (GSE) Mortgage and led all negotiations.
The 140,000 SF complex has 100 market rate units. On-site amenities include a swimming poll, clubhouse, and a fitness center. Centrally located in a high-growth, low supply market, the property offers easy access to employment centers, schools, and retail.
Previously independently-owned and operated, the property will be managed by a professional firm. Minor improvements and operational enhancements are planned.
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