Foxfield Acquires 402-Unit Luxury MF in Richmond

Foxfield Acquires 402-Unit Luxury MF in Richmond
News| August 1, 2025| Jasmine Kilman
Washington DC + Apartment Buildings

Foxfield has acquired Metropolis at Innsbrook, a 402-unit luxury multifamily community located in Glen Allen, a submarket north of Richmond, Virginia.

Originally delivered in 2023 and currently 96% occupied, Metropolis at Innsbrook adds to Foxfield’s growing residential portfolio in the Mid-Atlantic market. The sale was brokered by Newmark’s Virginia Multifamily Investment Sales team, including Charles Wentworth, Victoria Pickett, and Garrison Gore, as well as Eric DeStefano of Newmark’s Debt & Structured Finance team.

Strategically located in the Innsbrook Office Park, the site offers direct access to major corporate headquarters and high-end retail destinations in both Innsbrook and the adjacent Short Pump area.

“This acquisition offers a rare opportunity to secure a newly built, Class A asset in a supply-constrained market at a significant discount to current replacement cost,” said Noam Kleinman, Principal at Foxfield. “It enables us to achieve value-add-level returns while benefiting from the stability and strong cash flow of a core-quality property.”

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