Berkadia is pleased to present the exclusive offering of Reflections at Virginia Beach, a 480-unit garden-style apartment community located in the heart of one of the East Coast’s most resilient and sought-after coastal markets. Built in 1986 and institutionally owned and maintained, Reflections offers investors the chance to acquire a well-located, stabilized Class B asset with meaningful scale and a strong operational track record. The property is ideally positioned near major job centers and lifestyle amenities, with direct access to the area’s largest drivers across the defense, healthcare, logistics, and tourism sectors.
Importantly, the asset still offers a clear value-add upside, with the ability to further renovate all units to a premium finish level. These enhancements—focused on finishes, fixtures, and in-unit technology—are projected to support rent premiums of up to $250+ per unit, allowing new ownership to unlock meaningful NOI growth through a scalable, cost-effective strategy.