The Myrtles & Heights at Olde Towne

Posted: 8/21/2017
394 Units
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Heights at Olde Towne
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Myrtles at Olde Towne

About

About The Myrtles & Heights at Olde Towne

Offers due:  Thursday, October 5, 2017

Cushman & Wakefield’s Mid-Atlantic Multifamily Advisory Group is pleased to present the Heights and Myrtles at Olde Towne, a two property, 394-unit portfolio located in Portsmouth’s Olde Towne district, one of the nation’s most historic maritime communities. Built in 1972 and 2004 respectively, the Heights and Myrtles at Olde Towne provide an opportunity to acquire two distinct market segments within walking distance of one another. Both communities provide value-add upside through interior unit renovations with premiums being proven out in the broader submarket. The Properties highly desirable location next to Naval Medical Center Portsmouth, one of the MSA’s largest employers, provides consistent tenant demand. The Heights and Myrtles at Olde Towne’s exceptional location and renovation upside present investors with the rare opportunity to acquire a portfolio of well maintained, value-add communities with significant future growth prospects in one of Hampton Road’s best performing apartment submarkets.

Bids will be accepted as a portfolio or on individual assets.

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