NoVa firm, DSP, snags 272-unit Southside apartment complex, Ashley Park, for $47M ($173k/unit) in year-end deal with MAA

1/13/2025

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Richmond Biz Sense

• Subcategory: MF: Market Rate

• Tag: Sale

• Additional Filters-Subcategory: MF: Garden

• Additional Filters-Tags: Sale: Investment, Sale: Single Property

• Company: Mid-America Apartment Communities Inc. (NYSE: MAA)

Transaction volume in the region’s multifamily real estate market seems to be continuing to pick up momentum as a Southside apartment complex fetched eight figures just before the calendar turned over. The Ashley Park Apartment Homes at 6901 Marlowe Road sold last month for $47.1 million, city property records show. The 272-unit complex is located just east of Chippenham Hospital.