About Project:
Location:
Description:
A 68-unit garden style multi-family community located in the Western Branch section of Chesapeake, Virginia. Sunstone Apartments is a senior apartment project that was a development and construction project completed in 2004, by a partner of Ashby Development. Located in the Western Branch neighborhood of Chesapeake it is a great addition to the single-family home sites and detached condominiums located in the area which is the western gateway community for Chesapeake and a wonderful community to take advantage of the convenient location close to shopping, activities, and transportation.
In 2014, Ashby Developments brokerage services and management company Ashby Real Estate Group was engaged by the owners to assist in the management of the project and to reposition the property in the sub-market. The project had experienced years of under-performance and the Ashby Real Estate Group Multi-Family Team increased the occupancy to a consistent 100%, reduced expenses, and retained existing residents to reduce turn-over cost.
Upon stabilizing the property, the Ashby Real Estate Group Multi-Family Team turned the operations over to the ownership for management
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