Page 101 - Guardian Broker Questionnaire Summary Complete Package 2 2 22_Neat

diligence coordination throughout the sales process

The Colliers Virginia Multifamily team has had vast experience successfully executing and closing

assets like Guardian Place in recent years. Section #2 below provides a list of these properties along

with property details.

Overall, Colliers Virginia has sold over $3 billion of apartment communities throughout Virginia, a figure

that far exceeds our competition. While we have a large, active presence on the front end, actively

touring, speaking, and engaging with prospective buyers, our marketing and administrative leads are

vital components to our team that ensure smooth, efficient transactions.

2) Similar type properties marketed/sold in the past several years, particularly tax credit
properties.

- Acclaim at Carriage Hill – Richmond, VA – 664 units - 1967/1979 YOC – Colliers is actively

marketing Acclaim, a senior, market-rate opportunity with an anticipated sale price of

$140,000,000. Colliers sold this property in June, 2019 for $79,500,000. Having a senior

property currently on the market is a significant benefit for the marketing of Guardian Place.

- Overture - Virginia Beach, VA – 172 units – 2017 YOC – Colliers sold this property in
December, 2021 to Westminister Canterbury for $68,500,000.

- Manchester Grand – Richmond, VA – 45 units – 1960 YOC – Sold in 2019 – Senior Affordable,

LIHTC - $2,225,000

- Northpointe – Danville, VA – 168 units – 1984 YOC – Sold in 2018 – Affordable, LIHTC -

$4,450,000

- Colonial Ridge – Richmond, VA – 192 units – 1989 YOC – Sold in 2018 – Affordable, LIHTC -

$18,971,000

- Glen at Colonial Heights – Richmond, VA – 100 units – 1988 YOC – Sold in 2018 – Affordable

LIHTC - $9,229,000

- Ashton Heights – Roanoke, VA – 288 units – 2004 YOC – Sold in 2017 – Affordable – LIHTC –