Bonaventure was featured in Yield PRO in an article highlighting the company’s groundbreaking of Attain at Greenbrier, a new Class A multifamily development in Chesapeake, Virginia.
The article details how the $74.5 million project will bring 268 apartment homes to the Greenbrier submarket, with delivery expected in late 2027. Located at 1553 River Birch Run, Attain at Greenbrier will be the latest addition to Bonaventure’s growing Attain-branded portfolio of Class A multifamily communities.
The development will include three four-story buildings with a mix of one-, two- and three-bedroom residences averaging 1,037 square feet. Vest Residential will serve as property manager, with Marlyn Development Corp. as general contractor, RBA as architect and Timmons Group as civil engineer.
Yield PRO also notes the project’s financing structure, which includes equity raised through Bonaventure’s network of accredited high-net-worth investors and long-duration debt through a fixed-rate HUD Section 221(d)(4) loan originated by Walker & Dunlop. The loan provides both construction and permanent financing through a single, fully amortizing 40-year execution.
The article further highlights the strength of the Greenbrier submarket, where Bonaventure officials noted occupancy has remained above 97 percent and demand continues to outpace new supply.