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Summit Apartments in Richmond, Virginia

The Summit Apartments – Richmond, Virginia

John B. Levy & Company is pleased to announce it successfully raised both equity and debt in Opportunity Zone financing for The Summit Apartments – 166 to-be-built multifamily units located in Scott’s Addition, Richmond, Virginia.

Working with the sponsor, John B. Levy & Company customized the equity stack, allowing for the sponsor to meet certain idiosyncratic requirements and close out the equity demands of the property.


Andy Little

RICHMOND TIMES-DISPATCH

by Andrew Little, Special Correspondent

With the threat of fallout from Brexit, tariffs looming and interest rates rising, where should you put your money?

The answer for many today is into federal opportunity zone funds, which were created in last year’s federal tax overhaul.

A recently published directory of funds tracked by commercial real estate analytics company CoStar Group Inc. shows more than 110 funds taking money in and targeting qualified opportunity zone investments.


Richmond, Va. – John B. Levy & Company released the Giliberto-Levy Monitor for the third quarter of 2018, reporting that commercial mortgage investments posted a 0.17 percent total return for the period.

Published quarterly, the Giliberto‐Levy Monitor highlights the results of the Giliberto‐Levy Commercial Mortgage Performance Index (G-L 1) and offers in‐depth market analysis and commentary on important aspects of the commercial mortgage industry. It provides income, price, total returns and spreads for office,


Andy Little

RICHMOND TIMES-DISPATCH

by Andrew Little, Special Correspondent

Several recent big sales of apartment complexes in the Richmond region make it clear that, as the lyrics from the rock band Buffalo Springfield’s “For What It’s Worth” song indicate, “there’s something happening here, what it is ain’t exactly clear,”

The first was a Oct. 26 trade of the 192-unit Copper Mill Apartments in western Henrico County for $33 million. The 1987-era apartment complex was well-occupied at closing,


Richmond, Va. – “It’s Christmas in November,” according to the John B. Levy & Company Investor Conference which attracted 200 commercial real estate professionals to Richmond’s Jefferson Hotel. The annual conference was once again hosted by John B. Levy & Company, a firm nationally recognized for its position in commercial real estate, including its quarterly indexes of first mortgage and high-yield debt and its activity in the debt and equity markets.