Washington DC + DC Metro + Apartments | February 10, 2023

Highlands Vista Group has purchased Laurel Pines in Richmond, VA from Four Mile Capital.

Colorado CRE Companies Swap Ownership of Richmond Community

Denver, CO-based Highlands Vista Group has purchased Laurel Pines Apartments, a 120-unit garden-style multifamily property located in Richmond, VA.

Drew White, Carter Wood and Cole Carns of Berkadia represented the seller, Louisville, CO-based real estate investment firm Four Mile Capital. Matt Schildwachter also of Berkadia secured permanent acquisition financing on behalf of Highlands Vista Group, a multifamily investment company. The 10-year fixed-rate loan was financed through Freddie Mac.

“Operationally, the strong lease trade-outs showed Highland Vista Group the longer-term promise of this asset in arguably the best pocket of the submarket that is walkable to top notch retail,” said White.

Laurel Pines Apartments sits at 4123 East Wood Harbor Court and features one-, two- and three-bedroom floor plans. Community amenities include swimming pool, clubhouse, fitness center, laundry facilities and playground. The property is convenient to Virginia Commonwealth University, Richmond International Airport and the shops and restaurants near Interstate 64 and S Laburnum Avenue.

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Berkadia's White

About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.

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