Page 136 - Guardian Broker Questionnaire Summary Complete Package 2 2 22_Neat

02 APARTMENT MARKET OVERVIEW GUARDIAN PLACE

SALES COMPARABLES

SALE PRICE
CAP RATE
DATE OF APT # OF YEAR PER EFF
PROJECT NAME CITY STATE MARKET COUNTY CLASS AVG SF TOT SF TOTAL PER UNIT (TRAILING BUYER SELLER
SALE TYPE UNITS BUILT SF RENT/SF 12)

The Gallery Richmond VA Richmond Richmond B 10/21 Lowrise 157 units 866 SF 136,035 SF 1938/2017 $27,300,000 $173,885 $201 $1.57 5.65% Levco Peak Capital
Midtown City Management Partners

The Point at Richmond VA Richmond Richmond B 10/21 Garden 312 units 1,165 SF 363,340 SF 1982/1992 $44,000,000 $141,026 $121 $1.39 4.25% NorthRock Grubb Properties
Beaufont City Companies

Venus At Richmond Northway Eastside Equities
Manchester Richmond VA Richmond City B 07/21 Lowrise 68 units 848 SF 57,690 SF 1920 $7,150,000 $105,147 $124 $0.75 Equities LLC

Exchange Alley Richmond VA Richmond Richmond C 06/21 Lowrise 27 units 506 SF 13,671 SF 1870 $2,760,000 $102,222 $202 $1.70 6.21% S 14th Richmond Richmond Area
Lofts City LLC Housing

Blackfin Real
The Oaks Of Colonial Colonial Franklin Johnston
Dunlop Farms Heights VA Richmond Heights City B 03/21 Garden 144 units 917 SF 132,048 SF 19990 $19,700,000 $136,806 $149 $1.24 Estate Investors, Group
GMF Capital

GMF Capital,
Oaks at Dunlop Colonial VA Richmond Colonial B 03/21 Garden 144 units 917 SF 132,048 SF 1990 $19,700,000 $136,806 $149 $1.24 Blackfin Real Franklin Johnston
Farms Heights Heights City Group
Estate Investors

Richmond Sherman Hubert
Atrium On Broad Richmond VA Richmond B 11/20 Lowrise 42 units 924 SF 38,800 SF 1974 $4,825,000 $114,881 $124 DDG Atrium LLC
City Company LLC

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