REBusinessOnline

Blackfin, GMF Capital Acquire Multifamily Community in Fredericksburg, Virginia for $23.5M

FREDERICKSBURG, VA. — A joint venture between Blackfin Real Estate Investors and GMF Capital LLC has acquired Southpoint Reserve at Stoney Creek, a 156-unit multifamily community in Fredericksburg, for $23.5 million. The property offers one-, two and three-bedroom floor plans ranging in size from 450 to 1,075 square feet. Communal amenities include a clubhouse, pool, grilling stations, 24-hour fitness center, business lounge, playground and a sand volleyball court. The property was built in 1985 and is located at 5300 Steeplechase Drive, equidistant to Richmond and Washington, D.C. The seller was not disclosed. Christopher Doerr and William Harvey of Walker & Dunlop brokered the off-market transaction.




Content Partners
‣ Arbor Realty Trust
‣ Bohler
‣ Lee & Associates
‣ Lument
‣ NAI Global
‣ Northmarq
‣ Walker & Dunlop

Subscribe to the newsletter
Conferences


Webinars on Demand


Read the Digital Editions

Northeast Multifamily & Affordable Housing Business

Midwest Multifamily & Affordable Housing Business

Western Multifamily & Affordable Housing Business

Texas Multifamily & Affordable Housing Business

Southeast Multifamily & Affordable Housing Business

Heartland Real Estate Business

Northeast Real Estate Business

Southeast Real Estate Business

Texas Real Estate Business

Western Real Estate Business

Shopping Center Business

California Centers

Student Housing Business

Seniors Housing Business

Featured Properties