KeyBank Lends $25M for Virginia Multifamily Property Buy

December 18, 2025
David Walkin of Conserve Holdings and an aerial view of The Gables of Jefferson Commons in Forest, Va.

Conserve Holdings has scored $24.9 million of acquisition financing to purchase a Virginia multifamily complex, Commercial Observer has learned.

KeyBank Real Estate provided the loan for the real estate investment firm’s acquisition of Echo at Forest View Apartments at 1047 East Lawn Drive in Forest, Va. Conserve Holdings purchased the apartment complex, which part of the Jefferson Commons development, from Maddox Construction for $39.5 million.

For media inquiries, contact:

Annie Cobb, Director of Operations 

at Conserve Holdings

About conserve holdings

Conserve Holdings, a leading real estate investment firm specializing in the acquisition and management of multifamily properties nationwide, was founded by David Walkin and Steve Fuchs. With a focus on long-term value creation, the company leverages its expertise to identify and secure investment opportunities that deliver optimal returns for its investors. Conserve Holdings is committed to building strong relationships, driving innovation, and contributing to the growth and success of the communities in which it operates.