Page 27 - Guardian Broker Questionnaire Summary Complete Package 2 2 22_Neat

SALES COMPS

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THE POINT MAPLE SPRINGS THE MILL AT
GUARDIAN PLACE WINSTON MANOR THE GALLERY MIDTOWN AT BEAUFONT APARTMENTS MANCHESTER LOFTS COURTHOUSE GREEN
CITY Richmond Richmond Richmond Richmond Henrico Richmond Chesterfield
DATE OF SALE TBD Dec-21 Oct-21 Oct-21 Apr-21 Nov-20 Nov-20
APT TYPE Garden Garden Garden Garden Garden Low-Rise Garden
UNITS 236 145 157 312 268 70 266
AVG. SF 573 784 776 899 588 809 945
YEAR BUILT 1994 1971 1960/2017 1980 1986 2011 1973
SALE PRICE $25,000,000 $19,000,000 $27,250,000 $44,000,000 $34,800,000 $11,400,000 $33,750,000
PER UNIT $105,932 $131,034 $173,567 $141,000 $129,851 $165,217 $126,880
PER SF $185.79 $182.22 $200.32 $121.10 $219.01 $185.02 $98.97
CAP RATE 4.05% N/A 4.37% 4.35% 4.64% 4.80% 5.30%
RENT/UNIT $912 $869 $1,366 $1,278 $1,342 $1,303 $1,249
RENT/SF $1.59 $1.11 $1.76 $1.24 $2.28 $1.61 $1.32
BUYER TBD Cleghorn Capital Levco Management NorthRock Companies BH Equities Fulton Street Partners, LLC McCann Realty Partners
SELLER United Methodist Colony Management Peak Capital Partners Grubb Properties Capital Square Capital Square Railfield Partners
Family Services Corporation Realty Advisors Realty Advisors
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