Crosswinds Apartments

OFFERING MEMORANDUM | Crosswinds Apartments

ECONOMY

SHARE OF 2020 TOTAL EMPLOYMENT

• The local economy is best known for tourism and defense, but advanced manufacturing, maritime and logistics, cybersecurity and biomedical technology are growing sectors. • Fortune 500 headquarters include Norfolk Southern, Dollar Tree and Huntington Ingalls Industries. Other companies headquartered locally include Gold Key PHR, Harmony Investments, Anthem and Stihl. • The large military presence includes Naval Station Norfolk, Joint Expeditionary Base Little Creek-Fort Story, Naval Air Station Oceana Dam Neck Annex, Joint Base Langley-Eustis, Norfolk Naval Shipyard and Coast Guard Base-Portsmouth.

7% MANUFACTURING

14% PROFESSIONAL & BUSINESS SERVICES 11% LEISURE & HOSPITALITY 17% TRADE, TRANSPORTATION & UTILITIES

20% GOVERNMENT

ECONOMIC GROWTH

5% FINANCIAL ACTIVITIES

Metro GMP U.S. GDP

Annual Change

*Estimate **Forecast

5% CONSTRUCTION

14% EDUCATION & HEALTH SERVICES 4% OTHER SERVICES

MAJOR AREA EMPLOYERS

1. Huntington Ingalls Industries Inc.

6. Bon Secours

1% INFORMATION

2. Sentara Healthcare

7.

Landmark Media Enterprises LLC

3. Naval Medical Center Portsmouth

8. International Paper

4. Newport News Shipbuilding

9.

Arconic Power & Propulsion

5. Landmark Interactive

10. Mancon

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MARKET OVERVIEW |