Bay Breeze West Apartments

Bay Breeze West Apartments is part of the Breeze Apartments Portfolio located in Virginia Beach, Virginia.

This property offers a variety of accommodating floor plans. Floor plans include 1-bedroom 1-bathroom units ranging from 540 – 580 square feet. It also includes 2-bedroom 1-bathroom units ranging from 800 – 870 square feet.

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: 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