Seminole Trail Management has acquired Triton Glen, a newly built 250-unit multifamily community in Richmond, Virginia, for $65 million.

Target Information

Seminole Trail Management has successfully acquired Triton Glen, a newly constructed, 250-unit Class A multifamily community situated in the Innsbrook submarket of Richmond, Virginia. This transaction, valued at $65 million, translates to approximately $260,000 per unit.

Completed in 2024, Triton Glen features a diverse range of one- and two-bedroom residences, with sizes ranging from 639 to 1,409 square feet. Residents enjoy high-end finishes including stainless steel appliances, granite kitchen countertops, and luxurious amenities such as walk-in showers, walk-in closets, and in-unit laundry facilities. Additionally, select units boast private yards and balconies, enhancing the living experience.

Industry Overview

The real estate market in Virginia, particularly in Richmond, showcases a robust and diverse economy, characterized by strong employment fundamentals. The Richmond metro area has remained resilient, attracting significant i