Cushman & Wakefield | Thalhimer inks $6.269M sale of two apt. communities in the Roanoke MSA

Stonegate Manor Apartments

Salem & Roanoke, VA — Cushman & Wakefield | Thalhimer’s Capital Markets Group announced the sale of Stonegate Manor Apartments, a 34-unit multifamily community located at 821 Stonegate Dr. in Salem, VA, along with Hounds Chase Apartments, a 32-unit garden-style community located at 101 Roberts Rd. SW in Roanoke.

The 66-unit portfolio was acquired by

Hounds Chase Apartments

Stonegate Manor, LLC for a total purchase price of $6.269M. Clay Taylor, with Cushman & Wakefield | Thalhimer’s Capital Markets Group, represented the seller, D and J Associates, in the marketing and sale of the portfolio.