Greencove Group Sells Ivy Gates Townhome Community In Petersburg For $17.7M

The asset involved in the transaction is Ivy Gates, a townhome community located at 101 Ivy Lane in Petersburg, Virginia. The multi-family property was sold for a price of $17,700,000.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $17,700,000
• Address: 101 Ivy Lane
• Market: Petersburg, VA
• Seller: Greencove Group
• Broker Representatives: Drew White, Carter Wood, Matt Straughan & Cole Carns - Berkadia
• Management Post-Sale: SYM Properties

In this deal, Greencove Group sold the property to CCM with Berkadia Richmond facilitating the transaction on behalf of the seller, highlighting the role of the brokerage in closing the deal.