ROANOKE, VIRGINIA, November 12, 2025 – Cushman & Wakefield | Thalhimer’s Capital Markets Group is pleased to announce the sale of a three-building multifamily assemblage totaling twelve apartment units located at 800–806 Kerner Avenue and 801–815 Roanoke Boulevard in Salem, Virginia.

Situated within walking distance of the Salem Civic Center and Carilion Clinic Field at Salem Memorial Ballpark, home of the Salem Red Sox, the properties feature an attractive mix of one- and two-bedroom apartments well positioned for value-add renovations.

Mid Atlantic Funding, LLC acquired the portfolio on October 29, 2025, from Bandy-King Properties, L.L.C. for $1,324,575.

Clay Taylor with Cushman & Wakefield | Thalhimer’s Capital Markets Group and Briggs Cooper, also with Thalhimer, represented the buyer in the transaction.

For Further Information Contact:
Clay Taylor, CCIM
Senior Vice President, Capital Markets Group
+1 540 767 3019
clay.taylor@thalhimer.com

About Cushman & Wakefield | Thalhimer
Thalhimer was founded in 1913 and currently has offices in Richmond, Newport News, Virginia Beach, Fredericksburg, Roanoke, Charlottesville, and Lynchburg, Virginia. The company has nearly 100 broker professionals and employs approximately 530 associates. Thalhimer represents, on behalf of its clients, a property portfolio of 54 million leasable square feet, management of more than 28 million square feet of commercial property, and nearly 12,000 multifamily units. In 2024, Thalhimer completed over 1,800 transactions with a transactional volume of more than $1.96 billion. Thalhimer is the region’s leading provider of 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.

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 424 transactions totaling over $6.2 billion and over 66 million square feet.
To learn more, visit www.thalhimer.com.
Independently Owned and Operated / A Member of the Cushman & Wakefield Alliance

About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global commercial real estate services firm for property owners and occupiers with approximately 52,000 employees in nearly 400 offices and 60 countries. In 2024, the firm reported revenue of $9.4 billion across its core service lines of Services, Leasing, Capital markets, and Valuation and other. Built around the belief that Better never settles, the firm receives numerous industry and business accolades for its award-winning culture. For additional information, visit www.cushmanwakefield.com.
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