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Transactions - JUNE 27, 2022

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Bonaventure sells Williamsburg, Va., multifamily asset for $100m

by Released

Bonaventure has sold a 289-unit garden-style multifamily property Williamsburg, Va., to The Inland Real Estate Group for $100 million.

“The price we were able to command reflects the asset’s high quality and the strong investor appetite for stabilized multifamily communities in markets with solid employment fundamentals,” said Dwight Dunton, founder and CEO of Bonaventure. “We take great pride in our proven ability to create meaningful value for our residents and investors.”

The property is located at 401 Bulifants Blvd. and features a diverse collection of two- and three-bedroom floor plans with in-unit washers and dryers and private balconies or patios. The luxury community’s amenities include a swimming pool, fitness center, business center, clubhouse and dog park. The property is near Sentara Williamsburg Regional Medical Center and the shops and restaurants near State Route 199 and Interstate 64.

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