A multifamily investment firm acquired a two-property 1990s-era portfolio totaling 340 units in the Norfolk, Virginia, area as demand for residential properties in the region remains strong.
Investor acquires apartment complexes in supply-constrained Norfolk, Virginia, area
Newbrook Capital Properties pays $58.2 million for two-property portfolio with 340 units
CoStar News
November 21, 2025 | 7:47 P.M.
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IN THIS ARTICLE
- Properties
- Emerald Lake
1500 Emerald Lake Cir, Elizabeth City, NC
- Green Tree Apartments
749 Green Tree Cir, Chesapeake, VA
- Companies
- Newbrook Capital Properties
Finance and Insurance
- MRKT Capital
Real Estate
- Contacts
- Paul Marley
Vice Chair, Cushman & Wakefield
- Carter Wood
Managing Director, Berkadia
- James Broyer
Co-Founder & President, Newbrook Capital Properties
- Drew White
Senior Managing Director, Berkadia Commercial Mortgage
- Hunter Bowling
Senior Director, Cushman & Wakefield