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Virginia Beach firm buys Newport News apartment complex

Virginia Beach- based Croatan Investments has purchased Springhouse Apartment Homes , a 432- unit apartment community in Newport News, with plans for major renovations. "This is a beautiful community with both an incredibly stable operating history and enormous profit potential ," Croatan Managing Partner Paul Van said. Croatan plans to upgrade the common areas, including the exterior, clubhouse and pool area with the addition of an expanded fitness center , a community fire pit and sitting area, according to a news release. Each apartment interior will receive premium silver or black appliances, granite kitchen and bathroom countertops, custom kitchen and bathroom cabinetry with brushed nickel hardware , modern lighting packages and new plush carpeting and wood- grain plank flooring . Established in 2016, the core team at Croatan Investments previously worked together at investment firm FortCap Partners , according to a news release. In early 2016, Croatan purchased...

Saddle Brook Apartments - Saddle Brook, NJ 7663

Saddle Brook Apartments is an exceptional, award- winning garden apartment community of spacious apartments and immaculate landscaping. Here you can live in a peaceful, relaxed setting and still have all the excitement of nearby New York City. You’ll enjoy all that the Bergen County area offers — schools, shopping, entertainment, dining, and recreation. Saddle Brook is easily accessed from the Garden State Parkway , Route 80, and the New Jersey Turnpike. Located at 49 Finnigan Avenue in Saddle Brook, New Jersey. Apartments feature: heat, hot water and gas included in rent, six panel doors, ceiling fans, air conditioning, tile baths with sliding glass doors , mini blinds and brushed nickel hardware . Community amenities include : storage rooms, on-site staff, assigned parking, professionally landscaped grounds and on-site laundry.