Jones Street Investment Partners Enters Virginia with Acquisition of Courthouse Green Townhomes
Retrieved on:
Wednesday, October 11, 2023
Professional Services, Residential Building & Real Estate, Commercial Building & Real Estate, Finance, Construction & Property, Building Systems, REIT, Jones Street, Capital One, School, Courthouse Green, Acquisition, CoStar Group, Route 10, Population growth, LEGO, Mid-Atlantic (United States), Growth, Dominion Energy, Niche (company), Deluxe, Altria
Jones Street Investment Partners (“Jones Street”), a private equity real estate firm focused on multifamily assets located throughout the Northeast and Mid-Atlantic regions of the U.S., today announced its entrance into Virginia with the acquisition of Courthouse Green Townhomes (the “Property”), a 266-unit multifamily community located at 6417 Statue Street in Chesterfield, a suburb of Richmond.
Key Points:
- Jones Street Investment Partners (“Jones Street”), a private equity real estate firm focused on multifamily assets located throughout the Northeast and Mid-Atlantic regions of the U.S., today announced its entrance into Virginia with the acquisition of Courthouse Green Townhomes (the “Property”), a 266-unit multifamily community located at 6417 Statue Street in Chesterfield, a suburb of Richmond.
- Courthouse Green Townhomes, which spans 34 buildings across 21 acres and includes one-, two- and three-bedroom units, is ideally located near Route 288 and Route 10 and is a short 22-minute drive to both downtown Richmond and Petersburg.
- Jones Street will leverage its institutional knowledge and proven operating platform to maximize efficiencies at the Property to drive both optimal performance and enhance the resident experience.
- Jones Street’s capital improvement plan includes completing further Deluxe renovations on approximately 40% of the units, adding washer-dryers to all units, and renovating unused shared community space.