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Allagash Buys Affordable Apartment Complex in Newport News With Plans to Renovate

New York City Firm to Invest $40,000 Per Unit in Upgrades at The Woodlands at Oyster Point
Woodlands at Oyster Point. (CoStar)
Woodlands at Oyster Point. (CoStar)
By Matthew Morton
April 10, 2020 | 9:56 P.M.

A New York City firm that invests in low- and moderate-income apartments has closed on an affordable housing complex in Newport News, Virginia, with plans to carry out an extensive renovation to maximize its returns.

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