Danville apartment community sells for $4.45 million

Robert Powell, III //September 5, 2018//

Robert Powell, III// September 5, 2018//

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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.

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