A Richmond real estate investment firm has expanded further into the Hampton Roads market with its latest acquisition.
Levco Management this month completed the $18.275 million acquisition of the Heritage at Settlers Landing apartment community at 553 Settlers Landing Road in Hampton. Built in 2007, the property comprises three four-story buildings. The sellers in the deal were Collins Enterprises LLC and Drucker & Falk.
Levco also owns St. Croix Apartments in Virginia Beach, which recently underwent a $2.5 million renovation. The firm owns eight multifamily properties in Richmond. Levco also has an affiliated construction company called Levco Construction.
