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Capital Markets Group Completes $7MM Sale of Two Apartment Communities in Lynchburg

LYNCHBURG, VIRGINIA:  Cushman & Wakefield | Thalhimer’s Capital Markets Group, in conjunction with Cushman & Wakefield’s Mid-Atlantic Multifamily Advisory Group, represented the seller, Deal Properties, in the marketing and sale of Bramblewood Apartments, a 71-unit apartment community, together with Craigmont Manor, a 24-unit community, both located in the City in Lynchburg, Virginia.

BWCM Apartments, LLC, who intends to pursue a value-add strategy to upgrade the properties, purchased both assets from Deal Properties on December 17, 2021 for $7,000,000. The sale was completed by Clay Taylor, CCIM of Cushman & Wakefield | Thalhimer’s Capital Markets Group out of Roanoke, Virginia in conjunction with Cushman & Wakefield’s Mid-Atlantic Advisory team of Jorge Rosa and Anthony “TJ” Liberto.

 

About Cushman & Wakefield | Thalhimer
Thalhimer was founded in 1913 and currently has offices in Richmond, Newport News, Virginia Beach, Fredericksburg, Roanoke, Charlottesville, and Lynchburg, VA. The company has nearly 100 broker professionals and employs over 450 associates. Thalhimer represents, on behalf of its clients, a property portfolio of over 57 million leasable square feet, and management of over 30 million square feet of commercial property, and over 9,600 multifamily units. In 2020, Thalhimer completed over 1,700 transactions with a transactional volume more than $1.35 billion.  Thalhimer is the region’s leading provider of comprehensive commercial real estate services. The firm offers comprehensive commercial real estate services including corporate services, investment sales, tenant representation, project management, asset management, and the sale and leasing of office, industrial and retail properties.  
To learn more, visit www.thalhimer.com or follow @Thalhimer on Twitter.  

Thalhimer’s Capital Markets Group is the region’s leading investment sales team made up of professionals focused solely on capital markets and the sale of income producing properties throughout Virginia.  The team is experienced in office, industrial, retail and multi-family dispositions and since 2012 has completed 272 transactions totaling over $4.48 billion and over 54.2 million square feet.  

Written on December 29, 2021