Jones Street Investment Partners, a Boston-based investment manager, has acquired the 266-unit Courthouse Green Townhomes in Chesterfield, a suburb of Richmond, Virginia. The property was sold for $50.9 million, with each unit costing approximately $191,353. Situated at 6417 Statute Street, the multifamily asset offers a lucrative investment opportunity in the Chesterfield market.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $50,900,000
• Address: 6417 Statute Street, Chesterfield, VA
• Market: Chesterfield, VA

Matt Frazier from Jones Street Investment Partners played a pivotal role as the buyer in this transaction. On the other hand, John P. McCann from McCann Realty Partners and Jay Eisner from LEM Capital represented the seller. The acquisition of Courthouse Green Townhomes marks another successful investment by Jones Street Investment Partners in the Chesterfield market.