CBRE and CBRE|Hampton Roads announced that it has arranged the sale of The Courts at Yorkshire Downs, a 202-unit apartment community in Yorktown, Virginia, to Republic Properties for an undisclosed price.
Robert Dean, III, Jonathan Greenberg, Yalda Ghamarian, and Thomas Leachman of CBRE’s Washington, D.C. Multifamily Investment Properties team and Dan Johnson and Victoria Pickett of CBRE|Hampton Roads’ Multifamily Properties team arranged the sale on behalf of the seller.
“The Courts at Yorkshire Downs is a proven performer in York County, one of the most highly regarded school districts in the Hampton Roads market. The property offers a combination of a high-quality environment, track record of stable occupancy, and value-add upside,” said Mr. Greenberg, senior vice president, CBRE.
Built in 1987, The Courts at Yorkshire Downs consists of one-, two- and three-bedroom units, with an average unit size of 883 square feet. Strategically located in the Hampton Roads market, the property provides residents with convenient access to key essentials, including employment, schools, retail and entertainment attractions, restaurants, and other amenities. The property is located minutes from I-64, Hampton Highway, and Route 17 (J Clyde Morris Boulevard), three of the most critical transportation arteries in the market.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2016 revenue). The company has more than 75,000 employees (excluding affiliates), and serves real estate investors and occupiers through approximately 450 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.