Crosswinds Apartments

Crosswinds Apartments | OFFERING MEMORANDUM

MARKET OVERVIEW

VIRGINIA BEACH METRO Hampton Roads, also known as the Virginia Beach-Norfolk-Newport News metropolitan area, is recognized for its miles of waterfronts and beaches, military presence, harbors, shipyards and coal piers. The metro is composed of James, Gloucester, Mathews, York and Isle of Wight counties in Virginia, and Gates and Currituck counties in North Carolina, as well as the cities of Virginia Beach, Williamsburg, Chesapeake, Norfolk, Newport News, Hampton, Poquoson, Portsmouth and Suffolk. Approximately 1.8 million people reside in the market, roughly 460,000 of whom are in Virginia Beach, the market’s most populous city.

METRO HIGHLIGHTS

Military Concentration The metro has the second-largest concentration of military personnel in the U.S., with nine military installations providing numerous jobs.

Hospitality and Tourism Visitors are drawn to Williamsburg and the multiple beaches and resorts, which offer a wide variety of activities for everyone.

Skilled Workers Technical knowledge learned in the military helps to provide a highly educated and skilled labor force.

| MARKET OVERVIEW

28