VA 280 Unit Development Opportunity With 17 Percent IRR Target
Virginia Apartment Development Capital Raise for The Landing at Greenwood
On NextCompany since September 10, 2026 (34 days)
Norfolk, VA areaEstablished 2024
Business overview
A4 Development Group seeks investors for The Landing at Greenwood, a 280-unit apartment development in Virginia. This capital raise carries a $33,000,000 asking price. The equity offering comprises 50 shares across two classes. The project targets a 17 percent IRR.
The plan spans six years of construction, rental operations, refinancing, and sale. It provides for preferred cash flow to investors. The offering targets returning 80-100% of invested capital at refinance, approximately 36 months. The capital raise supports a land partner buyout and equity draws alongside debt funding.
Who is a good fit for this business
- Investors seeking equity participation in a 280-unit apartment development.
- Investors pursuing preferred cash flow within a six-year construction, rental, refinancing, and sale plan.
Details
- Reason for selling
- Land partner buyout and equity draws alongside debt funding.
Frequently Asked Questions
A4 Development Group seeks equity investors through a $33 million offering. The offering divides participation into 50 shares across two classes.
The development projects total costs of $67.9 million. The project has multiple primary lender offers in place.
The offering targets returning 80-100% of invested capital at refinance, approximately 36 months. The broader project plan spans six years through construction, rental operations, refinancing, and sale.
The listing header and facilities section identify Norfolk. The project description identifies Portsmouth, Virginia.
The capital raise supports a land partner buyout. It also supports equity draws alongside debt funding.