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NEWPORT NEWS AND PORTSMOUTH, VA. — The joint venture of Bonaventure Realty Group and Walker & Dunlop Apartment Fund I have purchased a multifamily portfolio in Newport News and Portsmouth. The Class B communities, Newport Trace, Warwick Landing and Chowan Trace, consist of 370 units. The joint venture plans extensive renovations totaling approximately $16,000 per unit and the properties will be rebranded as part of the repositioning process.