Thalhimer Realty Partners buys apartment complex near Church Hill for $9.67 million
Thalhimer Realty Partners Inc. (TRP), the investment and development subsidiary of Cushman & Wakefield | Thalhimer, said Thursday that it has acquired a 75-unit apartment property near Church Hill in Richmond for $9.67 million. The seller was 2001 East Broad LP.
The company said it has closed on the purchase of the 2001 East Apartments at 2001 E. Broad St., at the entrance to the Church Hill Historic District and close to the VCU Health System’s School of Medicine. The property also includes two commercial suites.
The apartments offer a mix of studio, one- and two- bedroom units ranging in size from 550 square feet to 900 square feet. Monthly rental rates begin at $875 and go up to $1,600. Thalhimer’s Residential Property Services will manage the property on behalf of TRP. Catrina Scanlan will serve be the portfolio manager responsible for the oversight of the property’s operations.