
Thalhimer Realty Partners Closes on the Acquisition of the 2001 East Apartments
RICHMOND, VIRGINIA: Thalhimer Realty Partners, Inc. (TRP), the investment and development subsidiary of Cushman & Wakefield | Thalhimer (“Thalhimer”), is pleased to announce that it has closed on the purchase of the 2001 East Apartments (“2001 East”) at a purchase price of $9,675,000. 2001 East includes 75 apartment units and 2 commercial suites and is located at 2001 East Broad Street, at the entrance to the Church Hill Historic District and in the immediate proximity of the VCU School of Medicine/Medical College of Virginia (“MCV”). The apartments include a mix of studio, one and two bedroom units ranging in size from 550 square feet to 900 square feet. Monthly rental rates start at $875 and go up to $1,600. Thalhimer’s Residential Property Services will manage the property on behalf of TRP. Catrina Scanlan will be the portfolio manager responsible for the oversight of the property’s operations.
Written on June 8, 2017