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02/15/2013 - THE BREEDEN COMPANY RECOGNIZED FOR TWO HRACRE DEALS OF THE YEAR AWARDS

The Breeden Company Recognized for Two HRACRE Deals of the Year Awards

FOR IMMEDIATE RELEASE:

The Breeden Company Recognized for Two HRACRE Deals of the Year Awards

Virginia Beach, VA – February  15th, 2013 – The Breeden Company was acknowledged by The Hampton Roads Association for Commercial Real Estate (HRACRE) for two deals completed in 2012. Both The Ashton Portfolio Multifamily Sale and the Red Knot at Edinburgh Luxury Apartment Land Sale were each denoted as Silver level award winners by HRACRE.

In October 2012, several reports surfaced from local news outlets about The Breeden Company’s acquisition of the Ashton Portfolio including Ashton at Oyster Point, Apex at Ashton Green, and Ashton Village making it one of the largest acquisitions to occur in Hampton Roads in 2012.  These properties are noted for being at the top of the multifamily markets in the southeast region in terms of rents and occupancy rates and were acquired for $28.5 million.

The land for Red Knot at Edinburgh in Chesapeake, Virginia was closed on in December 2012 for $6.5 million dollars. Located at the intersection of the Chesapeake Expressway and Hillcrest Parkway within the Edinburgh neighborhood, the 16 acre plot will see the start of construction in March 2013 and the AAA rated community will feature 336 units consisting of one, two, and three bedroom units.  

HRACRE is a 650 member organization that promotes the best interests of the commercial real estate industry by educating its members, monitoring and advocating industry-related legislation, and taking the lead in the industry’s evolution within the region and the commonwealth.

About The Breeden Company

For nearly half a century, The Breeden Company has built a solid reputation in the residential, multi-family, commercial, construction and resort development industries. The company has developed, built and operated over 6,000 apartments with an additional 740 units under construction and 1200 planned units, two million square feet of commercial shopping center, and 1,700 residential homes. The organization’s diverse business model and successful track record has made The Breeden Company a leader in the real estate industry.

 

Media Contacts:
The Breeden Company
Barry W. Tomlin
Vice President of Operations and Marketing
The Breeden Company
757-486-1000
Barryt@thebreedencompany.com