Page 40 - I-78-Logistics-Park-OM-v4a

40 EXECUTIVE SUMMARY | LOCATION HIGHLIGHTS | FINANCIAL ANALYSIS | MARKET SURVEY

Recently Sold Comparable Properties

Sales Comps, Sorted by Price $16. M
$14. M
Property #Units Sales Price Price/Unit Closing Date CAP Rate $12. M
Balfour West Apartments 48 $4.25 M $88,542 11-Jun-14 5.67%
Multi-Property Sale 48 $4.4 M $91,667 28-Jul-14 $10. M
Aviary Village 50 $3.75 M $75,000 $8. M
Fox Run Apartments 120 $9.79 M $81,583 27-Jun-14 6.55% $6. M
Tides at Calabash 168 $12.6 M $75,000 20-Aug-14 $4. M
Northwoods Townhomes 150 $13. M $86,667 28-Oct-14 $2. M
Cherry Grove Commons 172 $15.1 M $87,791 31-Jul-14 6.70% $. M
Balfour West Multi-Property Aviary Village Fox Run Tides at Northwoods
Apartments Sale Apartments Calabash Townhomes

Sales Comps, Sorted by $/Unit $100,000
$90,000
Property #Units Sales Price Price/Unit Closing Date CAP Rate $80,000
Multi-Property Sale 48 $4.4 M $91,667 28-Jul-14 $70,000
Tides at Calabash 168 $12.6 M $75,000 20-Aug-14 $60,000
Fox Run Apartments 120 $9.79 M $81,583 27-Jun-14 6.55% $50,000
Northwoods Townhomes 150 $13. M $86,667 28-Oct-14 $40,000
Cherry Grove Commons 172 $15.1 M $87,791 31-Jul-14 6.70% $30,000
Balfour West Apartments 48 $4.25 M $88,542 11-Jun-14 5.67% $20,000
Aviary Village 50 $3.75 M $75,000 $10,000
$0
Multi-Property Tides at Calabash Fox Run Northwoods Cherry Grove Balfour West Aviary Village
Sale Apartments Townhomes Commons Apartments

Sales Comps, Sorted by Cap Rate 6.80%
6.60%
Property #Units Sales Price Price/Unit Closing Date CAP Rate 6.40%
Cherry Grove Commons 172 $15.1 M $87,791 31-Jul-14 6.70%
Fox Run Apartments 120 $9.79 M $81,583 27-Jun-14 6.55% 6.20%
Balfour West Apartments 48 $4.25 M $88,542 11-Jun-14 5.67% 6.00%
Tides at Calabash 168 $12.6 M $75,000 20-Aug-14 5.80%
Northwoods Townhomes 150 $13. M $86,667 28-Oct-14 5.60%
Aviary Village 50 $3.75 M $75,000 5.40%
Multi-Property Sale 48 $4.4 M $91,667 28-Jul-14 5.20%
5.00%
Cherry Grove Commons Fox Run Apartments Balfour West Apartments