With lease-up now complete, Allure at Edinburgh is positioned as one of the premier assets in the Chesapeake submarket. The property demonstrated strong absorption velocity with rent growth to the market level. Showcasing the property’s ability to sustain pricing at current benchmarks.

Allure at Edinburgh have now achieved stabilization with recent rent increases implemented since September moving rates closer to true market levels while preserving strong lease-up and movein velocity. This performance demonstrates the asset’s ability to support continued rent growth without sacrificing occupancy, reinforcing Allure’s established competitive position within its submarket. For a future owner, this presents a compelling opportunity to acquire a stabilized property with proven pricing power, embedded upside through further rent optimization, and a durable advantage versus competing communities in the area.

Completed in 2024, Allure at Edinburgh is a newly delivered Class A apartment community redefining luxury living in Chesapeake , Virginia. Ideally positioned within the highly desirable Edinburgh corridor, the property showcases a contemporary architectural profile with a sleek façade, clean lines, and refined exterior detailing that create a distinctly upscale sense of place. Thoughtfully conceived as a next generation community, Allure at Edinburgh seamlessly combines modern design with comfort, functionality, and long-term durability tailored to today ’s renters.

Strategically located within Chesapeake’s premier Edinburgh corridor, Allure provides immediate access to top-tier retail, dining, and entertainment, along with excellent connectivity to Interstate 64, Greenbrier, and major Virginia Beach employment centers. Now stabilized at approximately 95% occupancy, the property represents a compelling opportunity to acquire a recently built, best-in-class multifamily asset with clear runway for continued rent growth. Strong leasing performance, elevated finishes, and an irreplaceable location firmly position Allure at Edinburgh as a leading institutional-quality investment in the Hampton Roads market.

The Chesapeake multifamily submarket is set for strong rent growth over the next five years, creating an attractive outlook for investors.

• ACCELERATING GROWTH: Effective rents are forecasted to climb from 2.5% in 2025 to 3.1% by 2029, delivering a five-year average of 2.9%.
• POSITIVE MOMENTUM: This upward trend reflects strengthening market fundamentals and sustained demand, creating a favorable backdrop for revenue expansion.

The market supply observed in 2024 and 2025 is primarily driven by Allure at Edinburgh, which adds 139 units in 2024 and 141 units in 2025.

Allure at Edinburgh benefits from a constrained multifamily development pipeline within the Chesapeake submarket, where limited new supply is expected in the near term. This restricted pipeline creates a favorable environment for sustained rent growth.

In Chesapeake, new supply is notably constrained, with only a few projects expected to be delivered in the near term:

Larger projects such as Clairmont at Greenbrier (708 units) and 900 N Battlefield Blvd (215 units) remain in early planning stages with uncertain delivery timelines.

This limited near-term supply combined with Allure’s strategic location and premier amenities positions the property to capture unmet rental demand and benefit from organic rent growth. Investors can expect minimal competitive pressure from new developments entering the market, supporting stable occupancy and positive rent trends.

84k+ Employees

6.6M+ SF of Office

Located just minutes from the Summit Pointe & The Greenbrier Development District, one of the biggest mixed-use districts in the Chesapeake area. Allure benefits from immediate access to Chesapeake’s most powerful employment and commercial corridor. Greenbrier represents the c i t y ’s largest economic center, encompassing over 18 million SF of commercial space and housing major employers and retailers. The district supports a workforce of over 50,000, anchored by a mix of corp. offices, healthcare facilities, & major retail destinations.

Allure at Edinburgh is located in the heart of a high-priced residential area, where single-family homes have ranged in sales prices from $935K to $2.9M within a short 2-mile radius. Recent nearby home sales indicate an average monthly homeownership cost of approximately $7,900, compared to an average in-place rent of $2,068 at Allure at Edinburgh. This results in a monthly cost premium of approximately $5,800 to own versus rent, reinforcing the economic advantage of renting and supporting sustained demand for Class A multifamily housing in the submarket.