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Venture Sells Norfolk Apartment Complex in Market's Priciest Deal This Year

Park Crescent Trades for Nearly $30 Million Over 2019 Sale Price
The Park Crescent was built in two phases off North Military Highway in Norfolk. (Kayla Glavin/CoStar)
The Park Crescent was built in two phases off North Military Highway in Norfolk. (Kayla Glavin/CoStar)
By CoStar News Staff
May 24, 2024 | 4:35 P.M.

Croatan Investments and joint venture partner JSB Capital Group sold a Norfolk, Virginia, apartment complex in the priciest multifamily deal in the Hampton Roads market so far this year and one that represents the largest sale in over a year, according to CoStar data.

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