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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Colliers International | Richmond & Norfolk