Investment Overview

The offering presents a rare opportunity to acquire a historic redevelopment asset located in the urban core of Richmond, Virginia, one of the Mid-Atlantic’s strongest and most supply-constrained rental markets. The property is well positioned for multifamily or mixed-use adaptive reuse and is eligible for both Federal and Virginia Historic Rehabilitation Tax Credits, creating a compelling opportunity to materially reduce basis and enhance overall project returns. The combination of historic character, urban walkability, favorable zoning, and layered incentive potential makes this asset particularly attractive to experienced developers seeking differentiated product in a proven market. Richmond stands out as an exceptional locale for multifamily real estate investment due to a combination of economic stability, strategic location, and a thriving cultural scene. The city’s robust economy, fueled by diverse industries such as finance, manufacturing, and healthcare, provides a steady foundation for sustained property value appreciation. Richmond’s strategic position along major transportation routes enhances its appeal, facilitating easy access for residents and contributing to the city’s growth.