Richmond, September 20, 2018 – The Colliers International East Region Multifamily Advisory Group represented Dominion Associates, LC in the $46.55 million sale of Aden Park & Glenway Green, a value-add, 538-unit multifamily asset in Richmond, Virginia.

Will Mathews, Austin Weathington, Carter Wood, and Jason Hetherington, of the Colliers International East Region Multifamily Advisory Group team represented the seller in the transaction.

We were fortunate to work on behalf of Weinstein Properties which is one of the largest owners of apartment communities locally and commands tremendous brand recognition regionally. What made this truly a unique effort was that ownership had already completed a majority of the heavy lifting with interior upgrades. The new buyer can not only leverage those improvements but has the ability to advance the property further with minimal exterior and amenity enhancements,” said Mathews, Principal and Senior Vice President of Colliers East Region Multifamily Advisory Group.

“The East Region team executed a competitive marketing process, which procured a reputable buyer. We appreciate their ability to create a seamless & professional transaction. We would be delighted to work with Will and his team again if the opportunity arises.” said Ivan P. Jecklin, Co-President and General Counsel of Weinstein Properties.

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About Colliers International Group 
Colliers International Group Inc. (NASDAQ: CIGI) (TSX: CIGI) is a top tier global real estate services and investment management company operating in 69 countries with a workforce of more than 12,000 professionals. Colliers is the fastest-growing publicly listed global real estate services and investment management company, with 2017 corporate revenues of $2.3 billion ($2.7 billion including affiliates). With an enterprising culture and significant employee ownership and control, Colliers professionals provide a full range of services to real estate occupiers, owners and investors worldwide, and through its investment management services platform, has more than $20 billion of assets under management from the world’s most respected institutional real estate investors. 

Colliers professionals think differently, share great ideas and offer thoughtful and innovative advice to accelerate the success of its clients. Colliers has been ranked among the top 100 global outsourcing firms by the International Association of Outsourcing Professionals for 13 consecutive years, more than any other real estate services firm. Colliers is ranked the number one property manager in the world by Commercial Property Executive for two years in a row.

Colliers is led by an experienced leadership team with significant equity ownership and a proven record of delivering more than 20% annualized returns for shareholders, over more than 20 years.

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For further information, please contact:

Statia Gibson, Director of Research & Communications
Colliers International | Richmond & Norfolk
Phone: 804-591-2439