Bay Breeze West Apartments

Bay Breeze West Apartments is part of the Breeze Apartments Portfolio located in Virginia Beach, Virginia, acquired in 2015. This portion of the portfolio is made up of a mix of 1 bedroom 1 bathroom units ranging from 540 – 580 square feet as well as 2 bedroom 1 bathroom units ranging rom 800 – 870 square feet. This mix allows for efficient turns and accommodating floor plans. The most recent improvement to both Bay Breeze East and Bay Breeze West is upgraded and improved exterior lighting.

ACQUIRED: DECEMBER, 2015
NO. UNITS: 24
SQUARE FEET: 15,640
2017 OCCUPANCY: 97.6%(1)
CAPITALIZATION: $1,650,000(1)
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