{"id":587,"date":"2022-06-27T15:06:00","date_gmt":"2022-06-27T15:06:00","guid":{"rendered":"https:\/\/www.enterpriseresidential.org\/blog\/?p=587"},"modified":"2022-06-27T15:08:29","modified_gmt":"2022-06-27T15:08:29","slug":"enterprise-community-development-closes-on-287m-multifamily-community","status":"publish","type":"post","link":"https:\/\/www.enterpriseresidential.org\/blog\/2022\/06\/27\/enterprise-community-development-closes-on-287m-multifamily-community\/","title":{"rendered":"Enterprise Community Development Closes on $28.7M Multifamily Community"},"content":{"rendered":"

Enterprise Community Development, the Baltimore-based nonprofit affordable housing owner and developer in the mid-Atlantic market, Thursday announced it closed on the sale of Auburn Pointe Apartments in Newport News, Virginia for $28.7 million.<\/p>\n

The community, originally purchased by CPDC, an Enterprise Community Development subsidiary, in 2015, was sold to an affiliate of Bethesda-based RailField Partners<\/a>, who purchased the property on behalf of its RLM Preservation Fund that focuses on preserving affordable housing. The property was sold on Enterprise’s behalf by Drew White, Carter Wood and the team at Berkadia. Aaron O’Toole with Klein Hornig LLP provided counsel to Enterprise, while Cynthia Eagle at Answer Title provided title and escrow services for the transaction.<\/p>\n

Read more…<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Enterprise Community Development, the Baltimore-based nonprofit affordable housing owner and developer in the mid-Atlantic market, Thursday announced it closed on the sale of Auburn Pointe Apartments in Newport News, Virginia for $28.7 million. The community, originally purchased by CPDC, an Enterprise Community Development subsidiary, in 2015, was sold to an affiliate of Bethesda-based RailField Partners, who purchased… <\/p>\n

Read More <\/span><\/a><\/p>\n","protected":false},"author":21423,"featured_media":586,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[75],"tags":[],"class_list":["post-587","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-resource"],"metadata":{"_yoast_wpseo_title":["Enterprise Community Development Closes on $28.7M Multifamily Community"],"_thumbnail_id":["586"],"_pingme":["1"],"_encloseme":["1"]},"yoast_head":"\n