Exhibit III-12
PRICE TO SIZE RELATIONSHIP - TWO-BEDROOM UNITS
NEWER APARTMENTS IN CHESAPEAKE, VA
FEBRUARY 2014
$1,200
$1,300
$1,400
$1,500
$1,600
SOURCE: Property Websites; Leasing agent interviews
$1,000
$1,100
600
700
800
900
1,000
1,100
1,200
1,300
1,400
1,500
Aura at Towne Place 2B/2Ba
The Carlton at Greenbrier 2B/2Ba The Morgan 2B/2Ba
The Morgan 2B/2Ba/D
Tapestry Park 2B/2Ba
Bell Great Bridge 2B/2Ba
Belmont at Greenbrier 2B/2Ba
Hideaway at Greenbrier 2B/2Ba
Adalay Bay 2B/2Ba
Fenwyck Manor 2B/2Ba
Fenwyck Manor 2B/2Ba/G
Fenwyck Manor 2B/2.5Ba/TH
Fenwyck Manor 2B/2.5Ba/TH/G Streets of Greenbrier 2B/2Ba
Streets of Greenbrier 2B/2Ba/L
Exhibit III-12
E4-11982.40
Printed: 3/27/2014
CITY OF CHESAPEAKE
