Arlington’s Blackfin acquires Roanoke County apartments for $23.2M

504-unit Villages at Garst Creek complex changes hands

Published April 23, 2021 by Rich Griset

Roanoke’s Villages at Garst Creek has sold for $23 million.

Arlington-based Blackfin Real Estate Investors LLC purchased Villages at Garst Creek, a 504-unit apartment complex in Roanoke County, for $23.25 million. The deal closed on April 21.

Built in 1974, the 33-building property is located at 4375 Garst Mill Road. The property was rehabbed in 2007 under the Section 42 Low-Income Housing Tax Credit program.

Blackfin purchased the property from Villages at Garst Creek LLC.