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Guardian Place I & II

Guardian Place I & II Summary of Sale Comparables
richmond, Va
year Built: 1994
units: 236

Sorted by Sale Price Per Unit
Year Built / Distance to
Property Property Type Close Date Year Sale Price Units Sale Price Cap Rate Average Rent Subject
Per Unit
Renovated (Miles)
Canopy at Ginter Park Market Rate Dec-20 2019 $83,750,000 301 $278,239 4.86% N/A 2.7
River's Edge at Manchester Market Rate Apr-21 2018 $47,500,000 211 $225,118 N/A $1,578 5.9
The Hudson Market Rate Dec-21 2009 $42,000,000 225 $186,667 N/A N/A 6.0
The Gallery Midtown Market Rate Nov-21 1960 / 2017 $27,250,000 157 $173,567 4.37% $1,346 1.1
The Mill at Manchester Lofts Market Rate Nov-20 2011 $11,400,000 70 $162,857 5.25% N/A 5.7
Summerdale LIHTC - Family Nov-21 2005 $18,262,000 124 $147,274 5.12% $928 10.3
The Edison Market Rate Oct-20 2014 $25,000,000 174 $143,678 6.80% N/A 6.2
American Heritage Market Rate Feb-21 1909 / 2002 $8,200,000 60 $136,667 N/A N/A 4.9
Guardian Place I & II LIHTC - Senior (62+) 1994/2000 $32,250,000 236 $136,653 3.22% $924
Averages $32,845,778 173 $176,747 4.94% $1,194

Sorted by Cap Rates
Year Built / Distance to
Property Property Type Close Date Year Sale Price Units Sale Price Cap Rate Average Rent Subject
Per Unit
Renovated (Miles)
Guardian Place I & II LIHTC - Senior (62+) 1994/2000 $32,250,000 236 $136,653 3.22% $924
The Gallery Midtown Market Rate Nov-21 1960 / 2017 $27,250,000 157 $173,567 4.37% $1,346 1.1
Canopy at Ginter Park Market Rate Dec-20 2019 $83,750,000 301 $278,239 4.86% N/A 2.7
Summerdale LIHTC - Family Nov-21 2005 $18,262,000 124 $147,274 5.12% $928 10.3
The Mill at Manchester Lofts Market Rate Nov-20 2011 $11,400,000 70 $162,857 5.25% N/A 5.7
The Edison Market Rate Oct-20 2014 $25,000,000 174 $143,678 6.80% N/A 6.2
American Heritage Market Rate Feb-21 1909 / 2002 $8,200,000 60 $136,667 N/A N/A 4.9
River's Edge at Manchester Market Rate Apr-21 2018 $47,500,000 211 $225,118 N/A $1,578 5.9
Averages $32,845,778 173 $176,747 4.94% $1,194

Sorted by Average Rents
Year Built / Distance to
Property Property Type Close Date Year Sale Price Units Sale Price Cap Rate Average Rent Subject
Renovated Per Unit (Miles)
River's Edge at Manchester Market Rate Apr-21 2018 $47,500,000 211 $225,118 N/A $1,578 5.9
The Gallery Midtown Market Rate Nov-21 1960 / 2017 $27,250,000 157 $173,567 4.37% $1,346 1.1
Summerdale LIHTC - Family Nov-21 2005 $18,262,000 124 $147,274 5.12% $928 10.3
Guardian Place I & II LIHTC - Senior (62+) 1994/2000 $32,250,000 236 $136,653 3.22% $924
The Hudson Market Rate Dec-21 2009 $42,000,000 225 $186,667 N/A N/A 6.0
American Heritage Market Rate Feb-21 1909 / 2002 $8,200,000 60 $136,667 N/A N/A 4.9
Canopy at Ginter Park Market Rate Dec-20 2019 $83,750,000 301 $278,239 4.86% N/A 2.7
The Mill at Manchester Lofts Market Rate Nov-20 2011 $11,400,000 70 $162,857 5.25% N/A 5.7
The Edison Market Rate Oct-20 2014 $25,000,000 174 $143,678 6.80% N/A 6.2
Averages $32,845,778 173 $176,747 4.94% $1,194

Sales Comparables | 24