Linden Property Group & Matador Capital Management Acquire Multifamily Property In Virginia Beach For $43M

The multifamily property located at 1512 Kindly Lane in Virginia Beach, VA has been sold in a recent transaction. The property, consisting of 240 units, was sold by Thalhimer Realty Partners to Linden Property Group and Matador Capital Management. The sale was facilitated by brokers Wink Ewing, Mike Marshall, and Matt Straughan of Northmarq. The transaction closed at a sale price of $43,000,000, resulting in a per unit price of $179,167.

Summary of transation details

• Property Type: Multifamily
• Transaction Amount: $43,000,000
• Units: 240
• Price Per Unit: $179,167
• Buyer: Linden Property Group & Matador Capital Management
• Seller: Thalhimer Realty Partners
• Brokers: Wink Ewing, Mike Marshall, and Matt Straughan - Northmarq

The successful transaction brings together various key individuals and companies. Linden Property Group and Matador Capital Management acted as the buyers, while Thalhimer Realty Partners served as the seller. Wink Ewing, Mike Marshall, and Matt Straughan of Northmarq represented the parties involved as brokers. This transaction marks another notable deal in the multifamily property market in Virginia Beach, VA.