{"id":1004126742,"date":"2015-09-02T08:33:02","date_gmt":"2015-09-02T16:33:02","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=359946"},"modified":"2020-04-08T00:32:52","modified_gmt":"2020-04-08T08:32:52","slug":"new-york-investor-buys-richmond-apartment-portfolio","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/new-york-investor-buys-richmond-apartment-portfolio\/","title":{"rendered":"New York Investor Buys Richmond Apartment Portfolio"},"content":{"rendered":"

By Adrian Maties, Associate Editor<\/em><\/p>\n

Out-of-state investors continue to show strong interest in Virginia multifamily properties. Recently, a New York-based investor purchased not one, but nine apartment communities in Richmond\u2019s North Side.<\/p>\n

The unnamed buyer paid $7.5 million to buy the Chamberlayne Multifamily Portfolio, Virginia Business reported on Tuesday<\/a>. Marcus & Millichap<\/a> brokered the deal and represented the seller in the transaction. In a statement, Altay Uzun, of the commercial real estate investment services firm\u2019s Washington, D.C. office, said that the portfolio attracted a lot of interest from out-of-state buyers and that it received offers from half of the investors who toured the property.<\/p>\n

The Chamberlayne Multifamily Portfolio\u2019s nine buildings were constructed between 1961 and 1977, on a 5-acre site in Richmond\u2019s Ginter Park neighborhood. Together, they offer a total of 212 studio, one-, two- and three-bedroom units. According to Marcus & Millichap, the portfolio is currently 93 percent occupied.<\/p>\n

The nine buildings are just the latest in a long line of Richmond-area apartment communities which have changed owners this year. Laurel Pines<\/a>, Match Point Apartments<\/a>, Aspen Station, Ashton Creek Apartments<\/a>, the Grace and Monroe Apartments<\/a>, Coliseum Lofts and the Huguenot Apartments<\/a> were all sold in recent months.<\/p>\n","protected":false},"excerpt":{"rendered":"

Out-of-state investors continue to show strong interest in Virginia multifamily properties.<\/p>\n","protected":false},"author":925,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21742,36153],"tags":[],"class_list":["post-1004126742","post","type-post","status-publish","format-standard","hentry","category-latest","category-richmond-hampton-roads"],"acf":[],"yoast_head":"\nNew York Investor Buys Richmond Apartment Portfolio - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/new-york-investor-buys-richmond-apartment-portfolio\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"New York Investor Buys Richmond Apartment Portfolio\" \/>\n<meta property=\"og:description\" content=\"Out-of-state investors continue to show strong interest in Virginia multifamily properties.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/new-york-investor-buys-richmond-apartment-portfolio\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2015-09-02T16:33:02+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-04-08T08:32:52+00:00\" \/>\n<meta name=\"author\" content=\"Adrian Maties\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/new-york-investor-buys-richmond-apartment-portfolio\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/new-york-investor-buys-richmond-apartment-portfolio\\\/\"},\"author\":{\"name\":\"Adrian Maties\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/6dfc8d1c9006c9fd1c89d69133130109\"},\"headline\":\"New York Investor Buys Richmond Apartment Portfolio\",\"datePublished\":\"2015-09-02T16:33:02+00:00\",\"dateModified\":\"2020-04-08T08:32:52+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/new-york-investor-buys-richmond-apartment-portfolio\\\/\"},\"wordCount\":205,\"commentCount\":0,\"articleSection\":[\"News\",\"Richmond\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/new-york-investor-buys-richmond-apartment-portfolio\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/new-york-investor-buys-richmond-apartment-portfolio\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/new-york-investor-buys-richmond-apartment-portfolio\\\/\",\"name\":\"New York Investor Buys Richmond Apartment Portfolio - 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