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Linden Property Group and Matador Capital Management purchased Bayville Apartments in Virginia Beach, VA for $43 million.

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.

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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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