The Colliers International East Region Multifamily Advisory Group represented CORE Realty Holdings Management in the $81 million sale of an 818-unit portfolio consisting of three multifamily properties in Richmond, Va.: Champions Club, Park West End and Hickory Creek. Richmond-based McCann Realty Partners purchased Hickory Creek, which consists of 294 units, while Irvine, California-headquartered MDO Capital purchased Champions Club and Park West End Apartments, totaling 524 units.

Will Mathews, Jason Hetherington, Bruce Milam and Jackie Noel comprised the Colliers International East Region Multifamily Advisory Group team representing CORE Realty Holdings Management in the transaction.

“All of three of these assets are fueled by powerful market fundamentals. Above average incomes, an award-winning school system, walkable high-end retail, and high barriers to entry created a favorable combination of metrics making this portfolio extremely desirable,” said Mathews, vice president of Colliers East Region Multifamily Advisory Group.

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