Featherstone Partners Acquires Multifamily Property In Virginia Beach For $36M

The multifamily property located at 1749 Lacrosse Dr in Virginia Beach, VA has been sold for a total price of $36,000,000. This transaction was facilitated by Ron Corrao, Eric Liebich, and Matt Weinstein from Capstone Apartment Partners acting as brokers for Featherstone Partners, the buyer, and Clark-Whitehall Enterprises, the seller. The property consists of 208 units, resulting in a price per unit of $173,077.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $36,000,000
• Address: 1749 Lacrosse Dr, Virginia Beach, VA
• Market: Virginia Beach, VA
• Buyer: Featherstone Partners
• Seller: Clark-Whitehall Enterprises
• Brokers: Ron Corrao, Eric Liebich, and Matt Weinstein - Capstone Apartment Partners
• Units: 208
• Price per Unit: $173,077

Notable individuals involved in this transaction include Ron Corrao, Eric Liebich, and Matt Weinstein from Capstone Apartment Partners. These brokers successfully represented Featherstone Partners and Clark-Whitehall Enterprises throughout the deal process. Their expertise and negotiation skills contributed to the successful sale of the multifamily property.