News

Croatan Investments Purchases Trail Creek
October 17, 2018

Croatan Investments has purchased Trail Creek, a 300-unit apartment community located in Hampton, Virginia.

Built in two phases in 2006 and 2012, the gated community offers residents large townhome floorplans and Class A amenities in a natural setting. The community features two resort-style swimming pools, a clubhouse, fitness center, and business center. Trail Creek is located less than 2 miles from Peninsula Town Center and within 3 miles of 6 million square feet of retail amenities.

Croatan intends to generate a return on this investment from both long-term cash flow and value creation by performing an upgrade of the property’s amenities and unit interiors.

Arranging the sale on behalf of the seller, The Wolff Company, were Hank Hankins and Victoria H. Pickett of CBRE|Hampton Roads working with William S. Roohan, Robert G. Dean, III, Jonathan M. Greenberg, Yalda K. Ghamarian, and Thomas B. Leachman of CBRE Washington, D.C., Multifamily Investment Properties team.

Trail Creek is Croatan Investments’ fifth multifamily acquisition in Hampton Roads.

About Croatan Investments

Croatan Investments is a private equity real estate manager that is focused on multifamily investments.  For over 16 years, we have had a passion for uncovering new opportunities with excellent intrinsic value and the goal of preserving the trust of our investors.

With a seasoned team of real estate professionals, Croatan combines proven multifamily investment and asset management experience with deep market knowledge to opportunistically invest across each stage of the market cycle.

Croatan is headquartered in Virginia Beach with team members located in Atlanta, Austin, Dallas, New York City, Washington DC, and Singapore.  Croatan’s geographic focus includes primary and secondary markets with strong economic and housing demand drivers throughout the Mid-Atlantic and Sun Belt regions.

Croatan Investments is proud to be a certified minority-owned company.

For more information about Croatan Investments, please visit www.croatan.com.