By Thomas Green
Bonaventure —an integrated alternative asset management firm with over $2.3 billion of assets under management— said it recently acquired a 121 unit Class-A multifamily community in downtown Norfolk, Va. with its perpetual life multifamily fund.
As part of the $42 million transaction, the community, currently called Monticello Station Apartments, will be rebranded as Attain Downtown East —part of Bonaventure’s luxury brand, it said in a statement.
“With its prime location, numerous amenities and long-term financing, Monticello Station directly aligns with the type of assets we seek to acquire and manage in our perpetual life multifamily fund,” said Bonaventure CEO and Founder Dwight Dunton.
The community boasts a swim spa, 24 hour fitness center, garden courtyards, and over 33,000 square feet of ground floor retail space, it said.