Crosswinds Apartments

Crosswinds Apartments | OFFERING MEMORANDUM

RENT COMPARABLES DETAILS

THE MORGAN

AURA AT TOWNE PLACE

PILLARS AT GREAT BRIDGE

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2

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PROPERTY DETAILS

PROPERTY DETAILS

PROPERTY DETAILS

Property Street Address

Property Street Address

Property Street Address

111 Gateway Court Chesapeake, VA 23320

745 Eden Way N.

124 Fairwind Drive Chesapeake, VA 23320

City, State Zip

City, State Zip

City, State Zip

Chesapeake, VA 23320

Miles from Subject

Miles from Subject

Miles from Subject

3.2 281

2.7 215

5.2 192

Units

Units

Units

Rentable SF

Rentable SF

Rentable SF

264,208

295,260

199,398

Vacancy

Vacancy

Vacancy

5.3% 0.4% 2011

5.1% 0.5% 2012

3.7% 0.0% 2009

Concessions

Concessions

Concessions

Year Built

Year Built

Year Built

Building Type Garage/Parking

Building Type Garage/Parking

Building Type Garage/Parking

Mid-Rise

Mid-Rise

Garden

-

Covered & Surface

Covered & Surface

Affordability Program

Affordability Program

Affordability Program

MKT

MKT

MKT

Management

Management

Management

S. L. Nusbaum Realty Co. Hercules Real Estate Services

Bonaventure Realty Group, LLC Bonaventure Realty Group, LLC

CushWake

Ownership

Ownership

Ownership

Nuveen Real Estate

FEES

FEES

FEES

Pet Rent

Pet Rent

Pet Rent

$25/Month

$40/Month

$0/Month

Pet Deposit

Pet Deposit

Pet Deposit

-

-

-

Non-Refund. Pet Fee

Non-Refund. Pet Fee

Non-Refund. Pet Fee

$399

$390

$300

Application Fee

Application Fee

Application Fee

-

$50

$50

Admin. Fee

Admin. Fee

Admin. Fee

$35

$199

$199

UNIT MIX

UNIT MIX

UNIT MIX

Unit Type 1 Bedroom 2 Bedroom 3 Bedroom

SF

Asking Rent

Rent/SF

Unit Type 1 Bedroom 2 Bedroom 3 Bedroom

SF

Asking Rent

Rent/SF

Unit Type 1 Bedroom 2 Bedroom 3 Bedroom

SF

Asking Rent

Rent/SF

809

$1,575 $1,766 $2,016

$1.95 $1.53 $1.40

776

$1,649 $2,146 $2,493

$2.13 $1.92 $1.79

815

$1,490 $1,781 $1,799

$1.83 $1.57 $1.35

1,157 1,436

1,117 1,392

1,136 1,332

AMENITIES

AMENITIES

AMENITIES

Site:

Site:

Site:

Clubhouse, Elevator, Fitness Center, Grill, Maintenance On-Site, Package Service, Picnic Area, Playground, Property Manager On-Site A/C, Ceiling Fans, Disposal, Granite Countertops, Microwave, Walk-In Closets, Washer/Dryer, Window Coverings

Breakfast/Coffee Concierge, Business Center, Clubhouse, Controlled Access, Fitness Center, Gameroom, On-Site Retail

Business Center, Clubhouse, Fitness Center, Grill, Maintenance On-Site, Package Service, Picnic Area, Pool, Property Manager On-Site A/C, Ceiling Fans, Crown Molding, Dishwasher, Disposal, Microwave, Walk-In Closets, Washer/Dryer Hookup

Unit:

Unit:

Unit:

A/C, Balcony, Dishwasher, Eat-In Kitchen, Granite Countertops, Hardwood Floors, Heating, Stainless Steel Appliances, Storage Space, Washer/Dryer, Wheelchair Accessible

| RENT COMPARABLES

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