(Fredericksburg, VA, September 15, 17) – Brian Cunningham, CCIM and Carl Braun of Coldwell Banker Commercial Elite has negotiated the signing of a $2.2M 100-unit senior apartment community on 2.8651 acres in Spotsylvania with Humanities Foundation for its multi-family portfolio.
Plans for the property include 100 units for seniors aged 55 years and older as part of a master development, known as Keswick Senior Apartments, which will include 700 townhomes, single-family homes, and apartments integrated with open spaces and walking trails. Upon completion, all three apartment phases to be developed by Humanities Foundation will have a combined value that will exceed $56 million. Keswick Senior Apartments will be Earthcraft Platinum Certified and will be built utilizing LIHTC Credits administered by the Virginia Housing and Development Authority.
This marks the second transaction in which Cunningham and Braun have represented Humanities Foundation with two other future deals under contract. Cunningham and Braun exclusively represent Humanities Foundation within the greater Fredericksburg region.
About Coldwell Banker Commercial Elite
As the Fredericksburg region’s largest commercial real estate company, Coldwell Banker Commercial Elite is the premier commercial real estate market leader. Coldwell Banker Commercial Elite was awarded the #1 Coldwell Banker Commercial Affiliate Office in Virginia for the past 4 years (2013-2016)! The Coldwell Banker Commercial Elite Team is as dedicated to your success as you are. Our company provides in-depth commercial real estate solutions and services including landlord and tenant representation, buyer and seller representation, property management, investment acquisition and disposition services and development consulting. Our primary focus area consists of the greater Fredericksburg region (Stafford, Spotsylvania, King George, Caroline, City of Fredericksburg), while also servicing the Washington, D.C. Metro area and all of Virginia. For more information, visit: www.cbcelite.com
About Coldwell Banker Commercial Affiliates
Coldwell Banker Commercial® is a registered trademark licensed to Coldwell Banker Real Estate Corporation. Since 1906, the Coldwell Banker Commercial brand has been a premier provider of real estate, recognized globally as a company that puts the client first while delivering individual, distinctly different service. Coldwell Banker Commercial affiliates cover territory throughout North America, South America, Europe, Africa, Asia and Australia. Coldwell Banker Commercial is an industry leader in providing commercial real estate solutions that serve the needs of tenants, landlords, sellers and buyers in the leasing, acquisition, disposition and management of all property types. Each office is independently owned and operated. For more information, visit: www.cbcworldwide.com.