Virginia-based Bonaventure continues to be bullish on the long-term fundamentals of the Hampton Roads region of its home state. The operator-led multifamily real estate investment management firm has broken ground on Attain at Newtown, a 320-unit Class A community in Norfolk. This follows the start of construction in June on Attain at Greenbrier, a 268-unit Class A multifamily community in nearby Chesapeake.
These two communities add to Bonaventure’s growing Attain portfolio, a Class A multifamily brand aimed at delivering elevated design, amenities, and finishes at attainable price points relative to the broader luxury market.
Attain at Newtown, which will begin welcoming residents in fall 2027, will comprise a mix of one-, two-, and three-bedroom residences averaging 1,010 square feet. The $85.3 million project is being developed within a federally designated Qualified Opportunity Zone (OZ) and is capitalized in partnership with private family office Cafritz Asset Management as well as long-term, fully amortizing financing through a Department of Housing and Urban Development (HUD) Section 221(d)(4) loan originated by Greystone…