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Nonprofit Sells Norfolk, Virginia, Apartment Complex for $38.5 Million

Fulton Peak Capital Closes on Woodmere Trace Apartment Homes
Woodmere Trace opened in 1974 off Military Highway. (Melissa Hood/CoStar)
Woodmere Trace opened in 1974 off Military Highway. (Melissa Hood/CoStar)
By CoStar News Staff
January 23, 2024 | 10:58 P.M.

Nonprofit apartment owner and developer Enterprise Community Development has sold a multifamily complex in Norfolk, Virginia, to a new owner that plans to keep the property as affordable.

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