 
          Appendix  |  273
        
        
          
            
              Exhibit III-13
            
          
        
        
          
            PRICE TO SIZE RELATIONSHIP - THREE-BEDROOM UNITS
          
        
        
          
            NEWER APARTMENTS IN CHESAPEAKE, VA
          
        
        
          
            FEBRUARY 2014
          
        
        
          $1,400
        
        
          $1,600
        
        
          $1,800
        
        
          $2,000
        
        
          $2,200
        
        
          SOURCE: Property Websites; Leasing agent interviews
        
        
          $1,000
        
        
          $1,200
        
        
          1,200
        
        
          1,250
        
        
          1,300
        
        
          1,350
        
        
          1,400
        
        
          1,450
        
        
          1,500
        
        
          1,550
        
        
          1,600
        
        
          1,650
        
        
          1,700
        
        
          Aura at Towne Place 3B/2Ba
        
        
          The Carlton at Greenbrier 3B/2Ba The Morgan 3B/2Ba
        
        
          Tapestry Park 3B/2Ba
        
        
          Bell Great Bridge 3B/2Ba
        
        
          Belmont at Greenbrier 3B/2Ba
        
        
          Hideaway at Greenbrier 3B/2Ba
        
        
          Adalay Bay 3B/2Ba
        
        
          Fenwyck Manor 3B/3.5ba/G
        
        
          Streets of Greenbrier 3B/2Ba
        
        
          
            Exhibit III-13
          
        
        
          E4-11982.40
        
        
          Printed: 3/27/2014
        
        
          CITY OF CHESAPEAKE