Ritz Banc Group Acquires Winchester Multifamily For $24M

The multifamily property located at 2237 Taft Circle & 1002-1058 Woodstock Lane in Winchester, VA has been sold in a recent transaction. The property consists of 195 units and was purchased for a total price of $24,000,000. The per unit price for this transaction was $123,077.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $24,000,000
• Units: 195
• Price Per Unit: $123,077
• Market: Winchester, VA

The buyer of the property is Ritz Banc Group, while the seller is Outlier Realty Capital. The transaction was facilitated by Marty Zupancic, Dennis Cravedi, Nick Murray, and Eric Jentoft-Herr from Marcus & Millichap.