FOR IMMEDIATE RELEASE
Contact: Apartment Elevation
Virginia Beach, VA - June 25, 2015 – RST Development, LLC/Hercules Real Estate Services, Inc. is pleased to announce the acquisition of Glen Ridge Apartments, a 140 unit community located at 12810 Island House Loop in Woodbridge, VA
The tax credit community, built in 1997, offers two and three bedroom apartment homes. There are numerous amenities including a clubhouse, pool, and fitness center.
Jason Loftis, President of Hercules Real Estate Services, Inc. commented on the acquisition, “The addition of Glen Ridge allows us to continue to expand in the DC metro area. This market has proven to be a key market in our overall portfolio success. Our market knowledge and team experience in that area assisted in our decision to move forward with this strategic acquisition.”
About: RST Development, LLC/Hercules Real Estate Services, Inc. is a private real estate investment company that develops, owns and manages over 8,000 multifamily units. Founded in 1995, Hercules Real Estate Services, Inc. is headquartered in Virginia Beach, VA with communities located in seven states in the Mid-Atlantic and Southeast.