West 300 North Associates Drops $76M on 430-Unit, 1960s-Era Multifam in Richmond
West 300 North Associates, LLC has paid $76.5 million to acquire the Stratford Hills apartment community in Richmond, VA.
Garrison Gore, Charles Wentworth, G.S. Hankins and Victoria Pickett of Colliers handled the transaction on behalf of the seller, Stratford Bethany, LLC.
Stratford Hills, located at 2517 W Tremont, was constructed in the late 1960s. The property consists of 430 units, including 292 townhomes, with one, two, and three bedroom floorplans. According to Colliers, the property offers opportunity to create value through the introduction of new amenities and an interior value-add program implementation.
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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