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Guardian Place I & II

            Guardian Place I & II                                                                   Subject Property

                                                                         1620 North Hamilton Street | Richmond, VA 23230
                                                                 Property Details
                                                                 Property Type                   Market Rate / LIHTC - Senior
                                                                 Units                                        236
                                                                 Occupancy                                   99.6%
                                                                 Year Built                                  1994
                                                                 Management                           Dominion Partners

                                                                 Tenant Charges
                                                                 Water/Sewer                        Included/Landlord Pays
                                                                 Garbage                            Included/Landlord Pays
                                                                 Electricity                        Included/Landlord Pays
                                                                 Gas Heat                           Included/Landlord Pays
                                                                 Other Charges: N/A
                                                   Rent Per Square
                Unit Type    Square Feet  Asking Rent
                                                       Foot      Community Amenities
             Studio (60% AMI)   408        $726        $1.78     Clubhouse | Library  | Fitness center | Elevator service | On-site laundry facility | Courtyard |
             1x1 (60% AMI)     546-552    $906-921    $1.66-1.67  Leasing office
             2x2 (60% AMI)     810-832    $1059-1093  $1.31-1.31
             1x1                546        $1130       $2.07
             2x2               810-960    $1330-1415  $1.47-1.64  Unit Amenities
                                                                 Garbage disposal



                                                                 Concessions
                                                                 None

                                                                 Comments
                                                                 None



            Malvern Manor                                                                           Rent Comparable

                                                                            41 Malvern Avenue | Richmond, VA 23221
                                                                 Property Details
                                                                 Property Type                            Market Rate
                                                                 Units                                        303
                                                                 Occupancy                                   95.7%
                                                                 Year Built/Year Renovated                1990/2009
                                                                 Distance From Subject                     1.4 Miles
                                                                 Management                          Gumenick Properties
                                                                 Ownership                           Gumenick Properties
                                                                 Tenant Charges
                                                                 Water/Sewer                        Tenant Pays (Metered)
                                                                 Garbage                                 Tenant Pays
                                                                 Electricity                             Tenant Pays
                                                                 Gas Heat                                Tenant Pays
                                                                 Other Charges: Pet Fee $35
                                                   Rent Per Square
                Unit Type    Square Feet  Asking Rent
                                                       Foot      Community Amenities
             1x1               594-830    $1425-1749  $2.11-2.40  Clubhouse | Fitness center | Swimming pool | Gated access | Courtyard | Leasing office | Pets
             2x1                1000       $1541       $1.54     allowed

                                                                 Unit Amenities
                                                                 Hardwood floors | Microwave | In-unit washer and dryer



                                                                 Concessions
                                                                 None
                                                                 Comments
                                                                 None


                                                                                                   Rent Comparables   |   17
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