River Breeze Apartments

Multifamily
  • 168 Heritage Way, Newport News, VA 23602

Gross Internal Rate of Return (IRR): 63.0%

River Breeze Apartments, formally known as Heritage Trace Apartments, was a part of Cohen Investment Group’s James River Multifamily Portfolio.

River Breeze Apartments was a multifamily community with 200 garden-style units located in Newport News, Virginia, a city within the Hampton Roads MSA – the largest metro between Washington, DC and Atlanta, GA.

In just over two years of hold, Cohen Investment Group implemented a select value-add capital expenditure program to improve interior and exterior facets of the property to increase rents and net operating income.

The James River Portfolio consists of the following properties:

Cohen Investment Group acquired River Breeze Apartments on November 19, 2019 and sold it on February 24, 2022.

Contact Us s-r

Please give us a call or send us a message if you have any questions or would like to learn more about investment opportunities at CIG.
(757) 490-1193

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