'"[The Richmond area] has been and continues to be a very stableprofitable market for us," Cornerstone Chairman and CEO Glade M.Knight says. "We are pleased to have further increased our presencehere with the acquisition of the Waterford Apartments." The companyalso owns nearby Henrico County's Chase Gayton Apartments, asimilar complex that it purchased for $21.2 million earlier thisyear.

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Multifamily
Washington, DC