Danville apartment community sells for $4.45 million
A 168-unit apartment community in Danville has been sold for $4.45 million.
CBRE|Richmond and CBRE Affordable Housing announced that Northpointe Apartments in Danville was sold to Northstar Equity Partners.
Northpointe is a 149,664-square-foot affordable housing complex, which offers a mix of one-, two- and three-bedroom units.
All of the apartments are restricted to residents making 60 percent or less of area median income.
Charles Wentworth and Peyton Cox of CBRE|Richmond, and Alex Medeiros, Mike Canori and Jeff Kunitz of CBRE Affordable Housing represented the seller.
CBRE Affordable Housing is a specialty group within CBRE Group.