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Norfolk Apartment Property Trades for $17M

Berkadia has arranged the $17 million sale of Brittany Place, a 148-unit garden-style apartment community in Norfolk, VA. Alan Meetze and David Hudgins of Berkadia’s Newport News office completed the sale on behalf of the seller, Virginia-based Affordable Housing Corp. The buyer was 6143 Edward Street LLC, also based in Virginia.

Built in 1985 and located at 6143 Edward St., Brittany Place features two-bedroom floor plans with large closets and in-unit washers and dryers. Amenities include laundry facilities and 24-hour emergency maintenance.

“Despite the challenges in recent times, we were able to complete the sale as scheduled,” said Meetze. “Brittany Place has been a very stable asset and the buyer stands to gain upside through interior upgrades as well as amenity enhancements. We were pleased to play a role in a transaction that was a win for both buyer and seller.”

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About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.

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