Bay Breeze East Apartments
Bay Breeze East Apartments is part of the Breeze Apartments Portfolio located in Virginia Beach, Virginia.
This property has a mix of 2-bedroom 1-bathroom units ranging from 760 to 1,000 square feet. It also includes a single 1-bedroom 1-bathroom unit.
The Breeze Apartments Portfolio was Cohen Investment Group’s first multifamily acquisition.
Cohen Investment Group acquired this portfolio on December 5, 2015 and sold it on March 17, 2020.
| ACQUIRED: | DECEMBER, 2015 |
|---|---|
| NO. UNITS: | 12 |
| SQUARE FEET: | 9,360 |
| 2017 OCCUPANCY: | 97.6%(1) |
| CAPITALIZATION: | $965,000 |
| EQUITY RETURNED: | 20.8%(1) |
| ANNUALIZED RATE(2): | 10.0% |
- Reflects metrics for Breeze Apartments portfolio and does not indicate individual asset performance
- As of 12/31/2017