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A 200-year-old charity that has provided subsidised housing to the people of Beverley since Georgian times has announced a name change and the abolition of its waiting list in a bid to widen access. ....
Brightpoint is teaming with a Virginia Beach-based developer to build 245 apartments. The public-private structure of the project is a first for the state’s community college system. ....
Standard Communities Picks Up Virginia Senior Property The total capitalization for the 597-unit Chesapeake asset was $68 million, including renovation and other costs. Apr072021 Chesapeake Crossing Standard Communities, the affordable housing division of Standard Cos., has purchased a 597-unit, mixed-income senior asset in Chesapeake, Va. The total capitalization of the deal was roughly $68 million, which includes renovation and other costs. According to Yardi Matrix, Boyd Homes was the seller of the property, dubbed Chesapeake Crossing. The new owner is planning to implement a $7.5 million capital improvement plan that will upgrade individual units, as well as the amenities, parking and courtyard. The property’s fire and safety systems will also receive an overhaul. NorthMarq brokered the sale o behalf of the buyer. ....