Republic Properties buys a 202-unit apartment community in Yorktown
Republic Properties has purchased a 202-unit apartment community in Yorktown for an undisclosed price. CBRE and CBRE|Hampton Roads announced Tuesday that it had arranged the sale of The Courts at Yorkshire Downs, a 30-year-old property that is close to I-64, Route 17 and Hampton Highway.
Robert Dean III, Jonathan Greenberg, Yalda Ghamarian and Thomas Leachman of CBRE’s Washington, D.C., Multifamily Investment Properties Team and Dan Johnson and Victoria Pickett of CBRE|Hampton Roads Multifamily Properties Team arranged the sale on behalf of the seller.
Built in 1987, the apartments consist of one-, two- and three-bedroom units, with an average unit size of 883 square feet.