Turlington Oaks
Acquired
4/24/2026
Turlington Oaks is a 272-unit multifamily community located in Newport News, Virginia. The property presents a compelling value-add and stabilization opportunity, with significant upside through improved property management, lease-up efforts, and rent optimization. Despite approximately $3.5–$4.0 million of capital improvements completed since 2019, including renovated interiors, new roofs, and asphalt replacement, the property remains underperforming at 78% occupancy, creating an opportunity to drive revenue growth and capture substantial value through stabilization and operational enhancements.
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