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Crowne at Swift Creek

Posted: 8/29/2018
312 Units
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About Crowne at Swift Creek

Cushman & Wakefield’s Mid-Atlantic Multifamily Advisory Group is pleased to present Crowne at Swift Creek, a 312-unit apartment community located in one of the Richmond area’s most desirable suburbs. The Property, built in 2004, features high-end amenities and unique unit features which mirror newly constructed communities. The Property has achieved rental premiums associated with a kitchen and bath renovation program which can be expanded upon to match finish levels with new communities for additional rent increases. The Property is located in one of Richmond’s most desirable submarkets with demographics which greatly exceed the broader MSA. Significant big box and convenience retail surrounds the Property with access to VA-Rt 288, an important regional throughway which connects employment centers along I-95 and I-64, minutes away. Crowne at Swift Creek’s exceptional location, and asset quality make it a rare opportunity to acquire a 2004 vintage, value-add asset in the expanding Richmond market.