Fulton Peak Capital Acquires Woodmere Trace Apartment Homes In Norfolk, VA For $38.5M

Fulton Peak Capital, represented by Chiara Competello, has acquired Woodmere Trace Apartment Homes in Norfolk, VA. The property consists of 300 units and was purchased from Enterprise Community Development, represented by Shaun Donovan, for a total price of $38.5 million. This equates to a price per unit of $128,333.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $38,500,000
• Units: 300
• Price per Unit: $128,333
• Buyer: Chiara Competello - Fulton Peak Capital
• Seller: Shaun Donovan - Enterprise Community Development

Fulton Peak Capital, led by Chiara Competello, made the acquisition of Woodmere Trace Apartment Homes, marking their entry into the Norfolk, VA market. This purchase expands the company's multifamily portfolio and strengthens their presence in the region.