M id A tlantic Real Estate Journal — Owners, Developers & Managers — August 2025 — 33
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O wners , D evelopers & M anagers
Newmark leads multifamily deal as firm grows Mid-Atlantic holdings Foxfield announces acquisition of Metropolis at Innsbrook in Glen Allen, VA
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ICHMOND, VA — Foxfield announced the acquisition of Me- tropolis at Innsbrook, a 402- unit luxury multifamily com- munity located in Glen Allen – a premier submarket north of Richmond. “This acquisition offers a rare opportunity to secure a newly built, class A asset in a supply-constrained market at a significant discount to current replacement cost,” said Noam Kleinman , prin- cipal at Foxfield. “It enables us to achieve value-add-level returns while benefiting from the stability and strong cash flow of a core-quality property.” The sale was brokered by Newmark’s Virginia Multi- family Investment Sales team, including Charles Went- worth, Victoria Pickett, and Garrison Gor e, as well as Eric DeStefano of New- mark’s Debt & Structured Finance team. MAREJ Cushman & Wakefield Thalhimer inks $6.269M sale of two apt. communities in the Roanoke MSA
Metropolis at Innsbrook
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Stonegate Manor Apartments
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Hounds Chase Apartments SALEM & ROANOKE, VA — Cushman & Wakefield | Thalhimer’s Capital Markets Group announced the sale of Stonegate Manor Apartments, a 34-unit multifamily commu- nity located at 821 Stonegate Dr. in Salem, VA, along with Hounds Chase Apartments, a 32-unit garden-style commu- nity located at 101 Roberts Rd. SW in Roanoke. The 66-unit portfolio was acquired by Stonegate Manor, LLC for a total purchase price of $6.269M. Clay Taylor , with Cushman & Wakefield | Thalhimer’s Capital Mar- kets Group, represented the seller, D and J Associates, in the marketing and sale of the portfolio. MAREJ
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