Drucker + Falk buys The Compass at City Center for $46.7m

Drucker + Falk buys The Compass at City Center for $46.7m

Published at: 2018-10-11 15:30 | Author: CIJ USA
Drucker + Falk acquired The Compass at City Center for $46.7m. Formerly known as Waypoint at City Center, the apartment complex is located Newport News, Virginia. The property includes 96 one-bedroom, 264 two-bedroom and 36 three-bedroom units, ranging from 774 to 1,184 sq ft. Common-area amenities include a fitness and business center, swimming pool and parking for 450 vehicles. Located in downtown Newport News, nearby employers include Christopher Newport University, Riverside Regional Medical Center and Newport News Shipbuilding. The seller, Federal Capital Partners, sold the asset after a seven-year holding period.

Similar Stories:

Matthew Lobron joins Megalith as senior VP of development
Matthew Lobron was named senior vice president of development at Megalith Capital Manageme  »
Canopy Apartment Villas changes hands for $47.95m
An affiliate of Taurus Investment Holdings acquired Canopy Apartment Villas, a 296-unit va  »
Priderock Capital Partners buys two Florida resi properties for $98m
Priderock Capital Partners bought two class B multifamily communities in Florida from Fair  »
Sweetwater Cove in Tampa sells for $35.5m
Frankforter Group bought Sweetwater Cove, a 288-unit community in Tampa, Florida, for $35.  »
Hurricane Hermine had the entire state of Florida on the edge of its seat in September. It   »
South Florida’s condo market is readying for a soft landing rather than the crash that m   »
There are approximately 17,000 units in Miami in presale, sold or under construction. Abou   »
The same year Orange County builders pulled 11,000. Fast forward to 2010 and those numbers   »