PRG Real Estate Acquires Multifamily Property In Hampton, VA For $45.5M

The multifamily property located at 99 Tide Mill Lane in Hampton, VA has been sold in a transaction that also involved a loan. The property consists of 252 units, with a sale price of $45,500,000, resulting in a price per unit (PPU) of $180,556.

Summary of transaction details:

• Property Type: Multifamily
• Sale Price: $45,500,000
• Units: 252
• Price Per Unit (PPU): $180,556
• Loan Amount: $27,400,000
• Loan Type: Fannie Mae financing
• Market: Hampton, VA

The buyer in this transaction was PRG Real Estate, while the seller was Artcraft Management. The buyer secured a loan amount of $27,400,000 through Fannie Mae financing.