Woodmere Trace was purchased by Community Preservation and Development Corp. (CPDC), a non-profit real estate developer focused on the acquisition, redevelopment, and operation of affordable housing communities for low and moderate income individuals and families.
The community is centrally located in Norfolk and will undergo a multi-million dollar renovation to include full kitchen and bathroom renovations, roof and HVAC replacement, where needed, improvements to exterior stairwells and landscaping.
“We are excited about adding this property to our successful roster of award-winning communities in the Hampton Roads region and have a dedicated team of professionals committed to delivering top notch service to the residents of Woodmere Trace,” says Bill Halprin, Senior Vice President and Director of Operations for Multi-Family Property Management.”
With over 115 years of expertise in the real estate industry, S.L. Nusbaum Realty Co. manages, develops and provides sales and leasing services for shopping centers, apartment communities, office, industrial and investment properties throughout the Mid-Atlantic and Southeast.