Campus Apartments Acquires $31 Million Portfolio Near Virginia Commonwealth University

The Collection Midtown offers 219 units within Richmond’s Fan and Museum District near Virginia Commonwealth University. (Image courtesy of collectionmidtown.com) The Collection Midtown offers 219 units within Richmond’s Fan and Museum District near Virginia Commonwealth University. (Image courtesy of collectionmidtown.com)

Richmond, Va. — Campus Apartments has acquired The Collection Midtown, a portfolio of 20 apartment buildings located within Richmond’s Fan and Museum District near Virginia Commonwealth University, for $31 million.

The 219-unit portfolio consists of one-, two- and three-bedroom floor plans within historic walk-up buildings. “We’re excited to be furthering our investment in Richmond and believe that The Collection offers a truly unparalleled location,” says Mark Schundler, senior vice president of investments for Campus Apartments. “Residents are able to enjoy a charming tree-lined neighborhood, while being just steps from a booming entertainment district. In many ways, it reflects the livability that has transformed Richmond into a millennial hotspot.” 

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