(To read more on the multifamily market, click here.)
VIRGINIA BEACH-St. Croix Apartments has joined BonaventureRealty Group's portfolio in a $12.05-million deal with SL NusbaumRealty Co. The 148-unit acquisition brings the Arlington-basedcompany's total units owned or managed in the Tidewater market toapproximately 1,250 in the past year.
Built in 1988, 80% of the multifamily property's units are twobedrooms; 20% are one bedrooms. The average rent is $877 per month,Brian Gill, vice president of acquisitions at Bonaventure, tellsGlobeSt.com. The property is 99% occupied.
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