Bonaventure has acquired Monticello Station Apartments in downtown Norfolk, VA, for $42 million, rebranding it as Attain Downtown East.
This Class-A multifamily community offers luxurious living in its one- to four-bedroom units with upscale features like granite countertops, stainless steel appliances, and private patios. The property includes a swim spa, fitness center, courtyards with grills and firepits, and 33,000 square feet of ground-floor retail space, hosting eateries like Buffalo Wild Wings and Sushi King.
“With its prime location, numerous amenities and long-term financing, Monticello Station directly aligns with the type of assets we seek to acquire and manage in our perpetual life multifamily fund,” said Bonaventure CEO and founder Dwight Dunton. “As part of our investment management platform, this vehicle provides investors access to strategic diversification across our target markets as well as predictable income.”
Emily Fu is Content Director of Connect Commercial Real Estate, where she covers the east coast markets, including New York, Boston & New England, and DC & Mid-Atlantic markets. She produces daily news stories as well as longer-form content, ranging from Q&As to thought-leadership pieces. She also writes feature stories for Connect Money.
With previous stints at Reuters, Seeking Alpha, and Commercial Observer, Emily has covered the finance side of the commercial real estate industry, technology, media, telecom (TMT), and fashion. She attended the Columbia Graduate School of Journalism and currently resides in Manhattan.