Bonaventure Acquires Monticello Station Apartments In Norfolk For $42M

Bonaventure, represented by Dwight Dunton, has acquired the Monticello Station Apartments in downtown Norfolk, Virginia. The multifamily property, located at 328 East Freemason Street, consists of 121 units. The sale price for the transaction was $42,000,000, resulting in a per unit price of $347,107.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $42,000,000
• Address: 328 East Freemason Street, Norfolk, VA
• Market: Norfolk, VA
• Buyer: Dwight Dunton - Bonaventure
• Units: 121
• Price Per Unit: $347,107

Bonaventure's perpetual life multifamily fund facilitated the acquisition of Monticello Station Apartments. The deal marks an important addition to Bonaventure's portfolio, expanding its presence in the Norfolk market.