Seyfarth Shaw LLP Advises BGO In Joint Venture Sale Of Multifamily Property In Virginia Beach

Seyfarth Shaw LLP Advised BGO In Joint Venture Sale Of Multifamily Property In Virginia Beach

Seyfarth Shaw LLP advised BGO in connection with the sale of a multifamily property located in Virginia Beach, Virginia, near the Oceana Naval Air Station. The transaction, completed in collaboration with Croatan Investments—a co-seller—was made to an undisclosed buyer.

BGO and Croatan had originally acquired the property in 2017. The transaction closed on June 27, 2025.

This transaction reflects ongoing investor interest in well-located multifamily assets in dynamic markets such as Virginia Beach.

Ronald Gart commented:

“We were pleased to represent our client in this successful sale and help navigate the complexities of a joint venture exit. This transaction reflects continued investor interest in well-located multifamily assets in dynamic markets such as Virginia Beach.”

Blank Rome represented the buyer in the transaction.

The Seyfarth team was led by Ronald Gart (Partner, Real Estate Department) and Lindsay Konieczny.

Seyfarth’s Real Estate department is recognized as one of the largest in the United States and advises clients on local, regional, and national matters across various industries.

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