Riverpass Holdings LLC, the property owner, made the announcement on Nov. 16. The New Jersey based real estate investment firm said in a press release that the holding will yield a steady return on investment.
“Expanding our existing Hampton Roads’ footprint with optimally located, value add properties that will benefit from a strategically focused capital infusion that yields solid returns for investors, and an enriched living experience for deserving residents, has been our business model from the start,” said Mark Wachs, Vice President at Riverpass Holdings. “We look forward to working with our management partner, Drucker + Falk, to bring the same discriminating finishes and luxury amenity upgrades to Pines of York that we’ve successfully implemented at Hampton Center and Waterman’s Crossing.”
Drucker + Falk operates several properties all over the country. The company’s Managing Director Wendy Drucker said that her company is quite prepared for the endeavor.
Drucker said in a press release, “Drucker + Falk could not be more pleased and excited to help bring to fruition, the owner’s vision of a beautifully appointed living alternative for Peninsula residents who live or work in the Hampton/Newport News/Yorktown corridor. Having managed apartments in this market for nearly 84 years, and with a management portfolio of more than 40,000 apartments in 11 states, Drucker + Falk is intimately familiar with the housing alternatives that today’s discriminating and savvy apartment dwellers seek.”
For more information about this property go to the Drucker + Falk website.