Bayville

Bayville Apartments is a well-located, value-add multifamily investment in Virginia Beach, VA.  Acquired with significant upside through renovations, operational enhancements, and mark-to-market rent growth. The asset benefits from strong fundamentals in the Hampton Roads region, including numerous long-term employment opportunities, such as military complexes and medical facilities. The business plan included full interior renovations across all units, capital for deferred maintenance and other amenity enhancements.