171
RICHMOND, VA. — New Jersey-based Tryko Partners has entered the Virginia market with its acquisition of a 216-unit affordable housing community located in Richmond. Midlothian Village was constructed in 1971. The community, which is situated at 4000 Midlothian Turnpike, contains a mix of one- and two-bedroom communities and features an on-site leasing office, laundry facilities and a playground. Tryko partnered with a Boston-based investment management firm on the acquisition, with Tryko serving as operating partner. The partnership assumed existing Freddie Mac and IRP loans as part of the deal. Jeff Kunitz, Spencer Hurst and Brandon Grisham of Marcus & Millichap’s Tax Credit Group arranged the purchase.