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VIRGINIA BEACH AND CHESAPEAKE, VA. — CBRE | Hampton Roads has arranged $42.9 million in long-term, non-recourse financing for five multifamily communities in the Hampton Roads area of Virginia. The five properties, all owned by Clark Whitehill Enterprises, include Windsor Lake Apartments, South Lake Apartments and Shoreline Apartments in Virginia Beach, as well as Phases I and II of Greenbrier Woods Apartments in Chesapeake. Clark Whitehill owns and manages approximately 1,500 multifamily units in eight apartment communities. John Richards of CBRE arranged the financing through an unnamed life insurance lender.