Pollack Shores Enters Mid-Atlantic Market

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Mar 5, 2019

Press Release

By Gail Kalinoski, Multi-Housing News

Pollack Shores Real Estate Group has entered the Mid-Atlantic region with its acquisition of The Flats at West Broad Village, a 339-unit apartment community in Glen Allen, Va. The price of the acquisition, made with Heitman LLC, was not disclosed.

“We’re excited to enter Richmond and the Mid-Atlantic region as real estate owners,” Steven Shores, CEO of Pollack Shores, said in a prepared statement. “Matrix Residential, our management arm, has been operating in this market for several years. This was a rare opportunity to acquire a high-quality asset in the heart of a vibrant mixed-use project. Our team continuously seeks opportunities such as these where we can enhance all aspects of our resident’s living experience. This includes increasing the quality of the asset via capital improvements, and further integrating The Flats at West Broad Village with its walkable retail, office and lifestyle amenities.”