28 — June 2025 — Owners, Developers & Managers — M id A tlantic Real Estate Journal
www.marej.com
O wners , D evelopers & M anagers
Wilcox and Emery oversaw transaction of 182-unit community in in Hampton, VA KLNB Multifamily Capital Markets Group secures $26.5M sale of townhome community
H
AMPTON, VA — KLNB has arranged the $26.5 million sale
principal Rawles Wilcox and KLNB senior vice president Jared Emery of the firm’s
of Avalon Townhomes, a 182-unit townhome community located in Hampton. The property was sold by West End
Multifamily Capital Mar - kets Group. KLNB rep - resented the seller. Originally built in the 1970s and significantly
Rawles Wilcox
Jared Emery
Capital Group and acquired by Two Rivers Realty Part - ners in partnership with Rock Creek Property Group . The transaction was led by KLNB
renovated in recent years, Ava - lon Townhomes offers a com - pelling mix of two-, three- and large four-bedroom floor plans. Each unit features spacious
KLNB ©
Avalon Townhomes
interiors, private driveways, and thoughtfully upgraded finishes. The community is nes - tled within a quiet residential corridor, offering a rare combi - nation of suburban charm and direct access to key employ - ment centers, retail, and major transportation routes. “Avalon Townhomes pre - sented a rare opportunity to acquire a sizable townhome community at an attrac - tive basis in one of Hamp - ton Roads’ most dynamic submarkets,” said KLNB’s Rawles Wilcox. “The buyer recognized the value of both the in-place renovations and the upside from continued unit repositioning and capi - tal improvements. We’re ex - cited to see the next phase of Avalon’s story unfold under new ownership.” The new ownership group plans to build on the strong foundation established by West End Capital Group, with a focus on completing remaining interior upgrades, improving amenity offerings, and enhancing operational efficiencies to better serve residents and drive long- term value. “This transaction reflects the sustained interest in high- quality, workforce housing communities with long-term upside,” adds KLNB’s Jared Emery, who brokered the sale. “Avalon Townhomes’ strong in-place performance and strategic location made it a compelling opportunity for both buyer and seller.” Avalon Townhomes is locat - ed just minutes from Langley Air Force Base, the Hampton Coliseum, and the Peninsula Town Center, providing un - matched accessibility to both public and private sector em - ployment hubs. MAREJ
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