REBusinessOnline

Thalhimer Realty Purchases Apartment Complex in Richmond for $23.5M

The buildings are situated at 104 and 311 W. Franklin St., in the heart of Virginia Commonwealth University’s campus.

RICHMOND, VA. — Thalhimer Realty Partners has acquired Towers on Franklin Apartments, a two-building, 332-unit apartment complex in Richmond, for $23.5 million. The buildings are situated at 104 and 311 W. Franklin St., in the heart of Virginia Commonwealth University’s campus. Amenities include a clubhouse, two fitness centers, media lounge, swimming pool and underground parking. Thalhimer has significant renovations planned, including full interior unit renovations to the 311 building. A timeline for the renovations was not disclosed. C&F Bank provided acquisition financing.

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