Chicago real estate company buys Midlands Townhomes units in Williamsburg

Published January 14, 2015 by Robert Powell, III

Chicago-based Growth Equity Group has acquired 32 Midlands Townhomes units in Williamsburg.

Growth Equity will sell units  to individual investors interested in owning rental property. The property has a total of 145 units.

Financial details of the deal were not announced.

Growth Equity also recently had acquired the Timberwoods development in Newport News

The Midlands Townhomes, which are near the College of William and Mary campus, feature 1,020- to 1,189-square-foot properties with two to three bedrooms and 1.5 to 2 bathrooms.