Richmond, Va. — Campus Apartments has acquired The Collection Midtown, a portfolio of 20 apartment buildings located within Richmond’s Fan and Museum District near Virginia Commonwealth University, for $31 million.
The 219-unit portfolio consists of one-, two- and three-bedroom floor plans within historic walk-up buildings. “We’re excited to be furthering our investment in Richmond and believe that The Collection offers a truly unparalleled location,” says Mark Schundler, senior vice president of investments for Campus Apartments. “Residents are able to enjoy a charming tree-lined neighborhood, while being just steps from a booming entertainment district. In many ways, it reflects the livability that has transformed Richmond into a millennial hotspot.”