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Washington DC & Mid-Atlantic  + DC Metro  + Apartments  |  November 2, 2023
Emily Fu
By: Emily Fu

Richmond MF Housing Lands $34M 

KeyBank Real Estate Capital has arranged a $34.1 million Fannie Mae non-recourse, first mortgage loan for the acquisition of Courthouse Green, a 266-unit garden-style apartment community in Chesterfield, Virginia, a suburb of Richmond.  

The property, which includes one-, two-, and three-bedroom units, spans 21 acres across 34 buildings. The loan is structured as a 10-year fixed-rate Fannie Mae loan with full-term interest-only. The acquisition was made by Jones Street Investment Partners, a private equity real estate firm based in Boston, with a focus on multifamily assets in the Northeast and Mid-Atlantic regions of the United States.

Chris Black and Sam Morrison of KeyBank Real Estate Capital arranged the financing. 

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About Emily Fu

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.
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