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%
  1. Reflects metrics for Breeze Apartments portfolio and does not indicate individual asset performance
  2. As of 12/31/2017