Palatine Capital Partners Acquires Rio Hill Apartments From Amurcon Realty For $26.6 Million

The property asset involved in this transaction is a 139-unit affordable housing community located at 1610 Rio Hill Drive in Charlottesville, VA. The transaction was finalized at a sale price of $26,600,000, translating to a per unit price of $191,367.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $26,600,000
• Units: 139
• Price per Unit: $191,367
• Buyer: Palatine Capital Partners
• Seller: Amurcon Realty Co
• Brokerage: Berkadia
• Brokers Involved: Drew White, Carter Wood, Cole Carns, Brandon Grisham, Jordan Skyles & Matt Straughan

This transaction was arranged by Berkadia, successfully facilitating the sale of Rio Hill Apartments from Amurcon Realty Co. to Palatine Capital Partners.