Stonegate Manor LLC Acquires Multifamily Portfolio From D And J Associates For $6.27M

A 66-unit multifamily portfolio was sold in Salem and Roanoke, VA, at a sale price of $6,269,000. The properties involved in the transaction were located at 821 Stonegate Drive and 101 Roberts Road Southwest, with a price per unit of $94,985.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $6,269,000
• Buyer: Stonegate Manor, LLC
• Seller: D and J Associates
• Broker: Clay Taylor - Cushman & Wakefield
• Units: 66

Cushman & Wakefield | Thalhimer facilitated the transaction, representing the seller, D and J Associates, in the sale of the portfolio, which included the Stonegate Manor and Hounds Chase Apartments.