CBRE Facilitates Sale of Trail Creek Apartments to The Wolff Company

CBRE Facilitates Sale of Trail Creek Apartments to The Wolff Company

SCOTTSDALE, Ariz., June 7, 2016 – The Wolff Company is pleased to announce the purchase of Trail Creek Apartments (“Trail Creek”), a 300-unit, Class A community located in Hampton, VA. CBRE, Inc. facilitated the sales of Trail Creek to the Scottsdale-based private equity firm from Preferred Apartment Communities.

Built in two phases in 2006 and 2012, the Property is in proximity to many retail stores, restaurants and employment opportunities, including Langley Air Force Base, Sentara CarePlex Hospital, Naval Station at Norfolk and multiple universities.

Trail Creek offers spacious two and three level floor plans with nine-foot ceilings and refined finishes in each unit. Community amenities include dual resort-style pools, a fitness center with an upscale clubhouse, abundant green space with a pristine natural setting, garages, and gated access.

“This Property stands out in the Hampton Roads market due to the scarcity of new product and the all townhome-style community,” said Andy Boyer, Executive Vice President, CBRE. “The Property has a combination of strong revenue trends, stable occupancy, and superior amenity package, providing an ideal investment to the Purchaser.”

About The Wolff Company
Wolff has invested in, acquired and developed high-quality multifamily assets for more than six decades. The Company is headquartered in Scottsdale, Arizona and maintains offices in Washington, Massachusetts and California. Contact us at 480.315.9595 or visit us online at

About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2015 revenue). The Company has more than 70,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 400 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at

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