Capstone Apartment Partners Closes $5M+ Trade in VA

RICHMOND, VA — Brian Ford and Ron Corrao of Capstone Apartment Partners, in conjunction with Todd Weinstein of Real Property Management, recently brokered the sale of Dutch Village Townhomes in Richmond, VA. Stabilis Capital Management sold the property for $5,343,625 million, or $46,066 per unit, to a private individual. New ownership intends to pursue additional revenue opportunities via continued renovations and operational improvements. Dutch Village was constructed in 1968; however, the 116-unit property has remained a high performing asset throughout the years, and was 93.1% occupied at the time of sale.

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