---
title: 107,000 SF Multifamily Complex
description: Fulton facilitated the acquisition of a multifamily apartment complex in the Hampton Roads, Virginia area. The community features 116 townhome-style units.
image: https://www.fultonrc.com/hubfs/MultifamilyVA.png
---

# Recent Transactions

## 107,000 SF Multifamily Complex

 October 7, 2024 •[Fulton Staff](https://www.fultonrc.com/transactions/author/fulton-staff)

**

[Multifamily](https://www.fultonrc.com/transactions/tag/multifamily)• [Virginia](https://www.fultonrc.com/transactions/tag/virginia)

![Multifamily, VA](https://www.fultonrc.com/hs-fs/hubfs/MultifamilyVA.png?height=630&name=MultifamilyVA.png) Fulton Realty Capital advised a private client on the acquisition of a multifamily apartment community located in Virginia's Hampton Roads region. Fulton’s team sourced the asset, led negotiations, and arranged 10-year fixed-rate GSE mortgage financing.

The community spans across almost five acres and consists of 116 apartment homes with one-to-four-bedroom floor plans, primarily in townhome-style units. The units collectively offer over 107,000 rentable square feet. Situated adjacent to a city center, there is convenient access to major retailers.

At closing, the property's physical occupancy was already 92%. Nonetheless, there are significant value-add opportunities through renovations, as 25% of the units are in “classic” condition.

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