APARTMENT COMPLEX PURCHASED FOR $22.1 MILLION

VIRGINIA BEACH, VA. — An affiliate of Norfolk, Va.-based Harbor Group International has purchased the 288-unit Woodshire Apartments from an affiliate of Denver-based AIMCO for $22.1 million. Located on South Budding Avenue in Virginia Beach, the property includes a swimming pool, a clubhouse and a fitness center. Woodshire is currently 95 percent occupied. Cushman & Wakefield of Virginia’s Drew White brokered the deal.