Jordan E. Slone Of Harbor Group International Acquires 480-Unit Multifamily In Virginia Beach For $86M

The asset involved in the transaction is a multifamily property located at 3001 Reflections Way in Virginia Beach, VA. The sale price of the property was $86,000,000, encompassing 480 units. Each unit averaged a price per unit of $179,167. The building complex was constructed in 1986 and comprises 19 buildings situated on 30 acres of land, featuring one- and two-bedroom units.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $86,000,000
• Units: 480
• Average Price Per Unit: $179,167
• Address: 3001 Reflections Way
• Market: Virginia Beach, VA

Jordan E. Slone of Harbor Group International acted as the buyer in this transaction, acquiring the property through its affiliates. The deal highlights the strategic investment in a garden-style community that offers a mix of one- and two-bedroom units.