
Linden Property Group, Matador Capital Management Buy $43M Multifamily in Virginia Beach
Linden Property Group and Matador Capital Management have completed the $43-million acquisition of Bayville Apartments, a 240-unit Class B multifamily property in Virginia Beach, VA.
Wink Ewing, Mike Marshall and Matt Straughan of Northmarq represented the seller, Thalhimer Realty Partners. Keith Wells, Reina Abboud and Hunter Wood also of Northmarq secured acquisition financing via a bridge loan on behalf of the buyers.
The 1971-vitange property consists of one-, two- and three-bedroom options with amenities such as business center, bark park, on-site maintenance, on site management, package receiving, pet-friendly policy, playground and pool and short-term lease available.
Three institutions of higher learning are within 9.5 miles of the Kindly Lane property. Two shopping centers are within two miles and five parks, including Tidewater Aboretum, are within 10 miles.
- ◦Sale/Acquisition