Located on a 15-acre parcel near the intersection of Gainsborough Square and Kingsborough Square just off I-64, Alta Bay is a class A property with all the class A amenities. The multifamily complex features a clubhouse, fitness facility, swimming pool, business center and car care center. While the newness of the property and its high quality make it a solid investment, the status of the Hampton Roads submarket is probably the most attractive feature.

"Hampton Roads has maintained over 95% occupancy since 1997 while achieving over 5% in yearly rent growth," says Apartment Group director Drew White. "With current market vacancy at 3.4%, the health and quality of this market puts the region in the national spotlight."