StoneBrook Apartments is a 168-unit value-add apartment community located in Roanoke, VA. Built in 1974, StoneBrook has tremendous value-add upside through the implementation of a comprehensive in-unit renovation program that includes the installation of washers & dryers. In-unit enhancements are currently being completed and proven out at the Property and the competitive set. The Property’s highly desirable location on the south side of Roanoke, adjacent to one of the region’s largest regional malls and within close proximity to numerous lifestyle amenities and major roadways adds to the Property’s appeal. StoneBrook’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 Roanoke economy.
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StoneBrook Apartments
168 Units
3301 Circle Brook Drive
Roanoke, VA
Closed: 7/13/2017
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Terraces at Manchester
148 Units
800 Semmes Avenue
Richmond, VA  23224
Type:  Multifamily
Closed: 6/22/2017
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.
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Heritage Trace
200 Units
168-A Heritage Way
Newport News, VA  23602
Closed: 6/1/2017
Oyster Point Place is a 278-unit, 1969-built garden apartment located in Newport News, Virginia. Located in a solid rental market with excellent fundamentals, Oyster Point Place offers a superior value-add opportunity with a three-pronged value enhancement strategy. The property is also centrally located within close proximity to Newport News’ largest employers and their most popular retail destinations.
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Oyster Point Place
278 Units
102 Americana Drive
Newport News, VA  23606
Type:  Multifamily
Closed: 3/28/2017
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Sunrise Apartments
229 Units
705 Pool Road
Richmond, VA  23236
Closed: 11/1/2016
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Huguenot Apartments
296 Units
1701 Irondale Road
Richmond, VA  23235
Closed: 5/28/2015
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Baltimore Regional Apartment Portfolio (5 properties, 694 units)
Edgewood Park
132 Units
613 Edgewood Road
Edgewood, MD  21040
Closed: 6/30/2014
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Baltimore Regional Apartment Portfolio (5 properties, 694 units)
Forest Glen Townhomes
64 Units
4738 Wakefield Road
Baltimore, MD  21216
Closed: 6/30/2014
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Baltimore Regional Apartment Portfolio (5 properties, 694 units)
Fox Crossing
117 Units
6410 Walther Avenue
Baltimore, MD  21206
Closed: 6/30/2014
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Baltimore Regional Apartment Portfolio (5 properties, 694 units)
Hillsdale Manor Apartments
180 Units
4738 Wakefield Road
Baltimore, MD  21216
Closed: 6/30/2014
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Village Oaks
181 Units
815 Winters Lane
Catonsville, MD  21228
Closed: 11/25/2013
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11 North at White Oak
1,184 Units
11 N Laburnum Avenue
Richmond, VA  23223
Sold
515 North Washington Street
   
515 North Washington Street
Alexandria, VA
For more information about this property please contact Jorge Rosa or Anthony (TJ) Liberto.
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Ansel
250 Units
33 Monroe St
Rockville, MD  20850
Type:  Multifamily
Arbor Trace Apartments is a rare opportunity to acquire an institutionally maintained asset with future upside potential in the Mid-Atlantic’s leading apartment market. The Property was built in 1985 and has had significant recent capital invested by ownership to enhance amenities, improve common areas and mitigate future risk associated with capital needs. Arbor Trace is 98% occupied and positioned near the bottom of its competitive set on an average rent basis. Rental premiums have been proven out on a renovation at the Property, which can be replicated and expanded upon for additional rent increases. The Property is located within the highly desirable Hilltop Retail corridor with significant lifestyle amenities within walking distance including one of only two Whole Foods Markets in the Hampton Roads region. Market fundamentals have remained strong through the Covid-19 pandemic which is evidenced in both the asset’s operations and across the submarket. The broader Hampton Roads apartment market has outperformed all other Mid-Atlantic investment markets over the past year with strong projections projected to continue in 2021 and beyond. This presents investors the ability to acquire an institutional quality asset in a robust apartment market with value-add upside in the highly sought after Virginia Beach market.
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Arbor Trace
148 Units
624 Suhtai Court
Virginia Beach, VA  23451
Cushman & Wakefield’s Mid-Atlantic Multifamily Advisory Group is pleased to present the City Center Portfolio, a 500-unit, four property portfolio located in Newport News, Virginia. The Properties - Kingstowne (1974 & 1985), Boston Cove (2008), Forrest Court (1971), and Victoria Place (1985) - exhibit strong value-add fundamentals with in-unit renovations which can generate significant rent increases, proven out within the broader submarket. A substantial amount of capital has been invested in the Properties that limits downside risk associated with deferred maintenance and will allow a new investor to focus on income generating renovations. Additionally, the Portfolio is being offered at a price significantly below replacement cost, providing investors with an incredibly attractive acquisition basis relative to newly constructed Class A properties. The Properties are strategically located around Newport News’ premier mixed-use development, City Center at Oyster Point, and have immediate access to I-64 only minutes away. The City Center Portfolio is a rare opportunity to combine irreplaceable Newport News locations and immediate scale with additional upside in the vastly expanding Hampton Roads market.
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Newport News City Center Portfolio (4 properties, 500 units)
Boston Cove
34 Units
828 Forrest Dr
Newport News, VA
The Cushman & Wakefield Multifamily Advisory Group is pleased to offer for sale, Crystal Lakes Apartments, a 716-unit valueadd apartment community located in one of Richmond, Virginia’s best locals. Built in 1967, Crystal Lakes presents the opportunity to acquire significant scale in one of the Mid-Atlantic’s leading apartment markets. The Richmond Market has been an out performer with low vacancy and accelerated rent growth over the last twelve months with this trend projected to continue. Crystal Lakes is perfectly positioned to take advantage of these lofty fundamentals due to its convenient location in Chesterfield County, which offers some of the region’s top schools and quality of life. The Property’s location, along with its unique townhouse style construction, creates consistent renter demand and a significant competitive advantage in the market. Further major employers and employment centers are located in close proximity to Crystal Lakes with downtown Richmond 10 minutes away. The current owner has invested significant capital to cure deferred maintenance and bring down units back online while also establishing a renovation program which is proving out rent increases of $165. The opportunity exists for a new investor to replicate or enhance this renovation for similar premiums. This unique opportunity to acquire a large scare asset with proven value-add upside is rare in the Richmond market and makes Crystal Lakes a truly one of a kind offering.
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Crystal Lakes
716 Units
3501 Meadowdale Boulevard
Richmond, VA  23234
Cushman & Wakefield’s Mid-Atlantic Multifamily Advisory Group is pleased to present the City Center Portfolio, a 500-unit, four property portfolio located in Newport News, Virginia. The Properties - Kingstowne (1974 & 1985), Boston Cove (2008), Forrest Court (1971), and Victoria Place (1985) - exhibit strong value-add fundamentals with in-unit renovations which can generate significant rent increases, proven out within the broader submarket. A substantial amount of capital has been invested in the Properties that limits downside risk associated with deferred maintenance and will allow a new investor to focus on income generating renovations. Additionally, the Portfolio is being offered at a price significantly below replacement cost, providing investors with an incredibly attractive acquisition basis relative to newly constructed Class A properties. The Properties are strategically located around Newport News’ premier mixed-use development, City Center at Oyster Point, and have immediate access to I-64 only minutes away. The City Center Portfolio is a rare opportunity to combine irreplaceable Newport News locations and immediate scale with additional upside in the vastly expanding Hampton Roads market.
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Newport News City Center Portfolio (4 properties, 500 units)
Forrest Court
46 Units
827 Forrest Drive
Newport News, VA  23606
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Boston Cove, Victoria Place & Forrest Court (3 properties, 116 units)
Forrest Court
46 Units
827 Forrest Drive
Newport News, VA  23606
Cushman & Wakefield’s Mid-Atlantic Multifamily Advisory Group is pleased to present Hickory Point – a well-maintained complex of 175 townhouse-style apartments located in Newport News, one of the fastest-growing and most desirable submarkets within the Hamptons Roads region. Hampton Roads, and Newport News in particular, has experienced a sustained period of economic, population, and employment growth borne out of significant government and government-related investment in the region. Moreover, the Newport News apartment market remains fundamentally strong with 14.7% year-over-over rent growth, vacancy at 3.0%, and concessions well below their long-term averages. The combination of Hickory Point’s access to employment, transportation nodes, and convenient retail makes it prime for rental upside and investment potential.
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Hickory Point Townhomes
175 Units
399-A Hickory Point Blvd
Newport News, VA  23602
Group, as sole representative of the Owner, is pleased to present Jefferson Ridge and the Lynchburg Collection ("The Portfolio" or "The Properties"), a rare 123-unit portfolio located in Central Virginia. The largest asset of the portfolio, Jefferson Ridge, is a 68-unit community in the exclusive Forest submarket that offers a competitive mix of unit types dominated by larger townhome-style apartments. The balance of the portfolio includes four prime assets in desirable neighborhoods throughout the City of Lynchburg. The assets provide exceptional scale in the high growth Lynchburg MSA, which has demonstrated significant resilience during the Covid-19 Pandemic. The Properties are unique value-add opportunities with a combination of in-unit renovation potential and operational upside. In addition, Jefferson Ridge is being sold with excess land that can accommodate additional development. These value enhancing strategies will combine with future economic growth across the region from a variety of employment sectors that are keeping apartment fundamentals strong. Key industries, including the Meds & Eds sector, are seeing sustained economic growth that has caused the Lynchburg MSA to reach full employment with unemployment that has declined each month since April 2020. This coupled with the minimum wage in Virginia increasing to $9.50 (30% increase) will have a meaningful impact on the subset of renters found at Jefferson Ridge and The Lynchburg Collection. Economic stability and high barriers to entry is leading to incredible apartment market fundamentals as rent growth in Lynchburg totaled 2.9% year-over-year through 2020. The Properties also have a long rental runway with their individual primary competitors, allowing for significant, achievable rental upside. The Properties are all well occupied and repositioning the assets within their respective competitive sets will allow them to capture this increased rental demand and generate long-term stable cash flow for new ownership. The Properties are being offered as a portfolio, however Jefferson Ridge or the Lynchburg Collection may be purchased separately.
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The Lynchburg Collection (4 properties, 55 units)
Holland House
18 Units
3710 Fort Avenue
Lynchburg, VA

Cushman & Wakefield has been retained as exclusive advisor and agent by the owner to offer for sale the Capital Properties DC Multifamily Portfolio (the "Portfolio" or the "Properties"), an unprecedented 1,400 unit apartment portfolio in the DC Metro area. Consisting of four properties - Vaughan Place (Washington, DC), Huntington Gateway (Alexandria, VA), the Residences at Capital Crescent Trail (Bethesda, MD), and North Park Apartments (Chevy Chase, MD) - the Portfolio offers investors immense scale in these infill locations with additional embedded upside. Built between 1973 and 2002, the Properties present a variety of renovation opportunities while all holding significant rent deltas with the top of their respective competitive sets. The Portfolio is well positioned to take advantage of stable apartment fundamentals stemming from attractive future growth in the DC region. The Properties all have dynamic connectivity to core economic drivers like the federal government, a robust biosciences sector, and Amazon HQ2, which position the DC region as an outperformer moving forward compared to similar metros. This Offering provides investors with the unique opportunity to acquire significant scale in this safe-haven market with attractive organic economic growth prospects and embedded value-add upside. The Portfolio is offered as a 100% fee simple interest or as a recapitalization opportunity with the sponsor, Capital Properties. Offers on the entire portfolio or on individual assets will be entertained.

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Capital Properties Portfolio (4 properties, 1,400 units)
Huntington Gateway
443 Units
5982 Richmond Hwy
Alexandria, VA  22303
Group, as sole representative of the Owner, is pleased to present Jefferson Ridge and the Lynchburg Collection ("The Portfolio" or "The Properties"), a rare 123-unit portfolio located in Central Virginia. The largest asset of the portfolio, Jefferson Ridge, is a 68-unit community in the exclusive Forest submarket that offers a competitive mix of unit types dominated by larger townhome-style apartments. The balance of the portfolio includes four prime assets in desirable neighborhoods throughout the City of Lynchburg. The assets provide exceptional scale in the high growth Lynchburg MSA, which has demonstrated significant resilience during the Covid-19 Pandemic. The Properties are unique value-add opportunities with a combination of in-unit renovation potential and operational upside. In addition, Jefferson Ridge is being sold with excess land that can accommodate additional development. These value enhancing strategies will combine with future economic growth across the region from a variety of employment sectors that are keeping apartment fundamentals strong. Key industries, including the Meds & Eds sector, are seeing sustained economic growth that has caused the Lynchburg MSA to reach full employment with unemployment that has declined each month since April 2020. This coupled with the minimum wage in Virginia increasing to $9.50 (30% increase) will have a meaningful impact on the subset of renters found at Jefferson Ridge and The Lynchburg Collection. Economic stability and high barriers to entry is leading to incredible apartment market fundamentals as rent growth in Lynchburg totaled 2.9% year-over-year through 2020. The Properties also have a long rental runway with their individual primary competitors, allowing for significant, achievable rental upside. The Properties are all well occupied and repositioning the assets within their respective competitive sets will allow them to capture this increased rental demand and generate long-term stable cash flow for new ownership. The Properties are being offered as a portfolio, however Jefferson Ridge or the Lynchburg Collection may be purchased separately.
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The Lynchburg Collection (4 properties, 55 units)
Ivy Court
8 Units
681 Leesville Road
Lynchburg, VA
Group, as sole representative of the Owner, is pleased to present Jefferson Ridge and the Lynchburg Collection ("The Portfolio" or "The Properties"), a rare 123-unit portfolio located in Central Virginia. The largest asset of the portfolio, Jefferson Ridge, is a 68-unit community in the exclusive Forest submarket that offers a competitive mix of unit types dominated by larger townhome-style apartments. The balance of the portfolio includes four prime assets in desirable neighborhoods throughout the City of Lynchburg. The assets provide exceptional scale in the high growth Lynchburg MSA, which has demonstrated significant resilience during the Covid-19 Pandemic. The Properties are unique value-add opportunities with a combination of in-unit renovation potential and operational upside. In addition, Jefferson Ridge is being sold with excess land that can accommodate additional development. These value enhancing strategies will combine with future economic growth across the region from a variety of employment sectors that are keeping apartment fundamentals strong. Key industries, including the Meds & Eds sector, are seeing sustained economic growth that has caused the Lynchburg MSA to reach full employment with unemployment that has declined each month since April 2020. This coupled with the minimum wage in Virginia increasing to $9.50 (30% increase) will have a meaningful impact on the subset of renters found at Jefferson Ridge and The Lynchburg Collection. Economic stability and high barriers to entry is leading to incredible apartment market fundamentals as rent growth in Lynchburg totaled 2.9% year-over-year through 2020. The Properties also have a long rental runway with their individual primary competitors, allowing for significant, achievable rental upside. The Properties are all well occupied and repositioning the assets within their respective competitive sets will allow them to capture this increased rental demand and generate long-term stable cash flow for new ownership. The Properties are being offered as a portfolio, however Jefferson Ridge or the Lynchburg Collection may be purchased separately.
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The Lynchburg Collection (4 properties, 55 units)
Ivy Ridge
17 Units
1609 McVeigh Road
Lynchburg, VA