About Heritage Trace
Heritage Trace is a 200-unit value-add apartment community located in Newport News, VA. Built in 1973, Heritage Trace has tremendous value-add upside through the implementation of a comprehensive in-unit renovation with rent increases currently being proven out in the competitive set. The ability to meaningfuly decrease expenses also exists. The Property’s highly desirable location within close proximity to the region’s best retail amenities, major employers and large thoroughfares adds to the Property’s appeal. Heritage Trace’s exceptional location and significant renovation upside presents investors with the rare opportunity to acquire a well maintained apartment community with significant future growth prospects within the expanding Hampton Roads economy.