VIRGINIA BEACH, VA — The Colliers International Mid-Atlantic Multifamily Advisory Group announced the sale of Saltmeadow Bay in Virginia Beach from The Runnymede Corporation, based in Virginia Beach, to Capital Square 1031, headquartered in Richmond, for $48.6 million. The 229-unit community is situated on 24 wooded acres with an easy one-mile walking and bike trail to the ocean. The Virginia Beach Oceanfront Resort District includes a three-mile boardwalk flanking the beach, which was named one of the top beaches in the country by Trip Advisor in 2018. The district is a hub of resorts, hotels, restaurants, retail and live entertainment, inviting residents to enjoy the luxury coastal lifestyle.