Berkadia Mid-Atlantic, as exclusive advisor, is pleased to present the opportunity to acquire the fee simple interest in Trail Creek Townhomes (the “Property”), a 300-unit luxury townhome community in the heart of Hampton Roads’ thriving Hampton submarket. Trail Creek, developed in two phases in 2006 and 2012, offers a unique selection of modern villa-style townhomes in Hampton Roads. Unlike the typical garden product dominating the rental market, Trail Creek stands out with its 2 and 3 story townhomes featuring porches and 60 garages. Each unit features spacious, open-concept floorplans spanning 2 or 3 levels with unit sizes ranging from 810 to 1,510 SF. The Property also commands exceptional visual charm via its southern-style building elevations that alternate in soft neutral colors that resonate a perfect blend of sophistication and comfort. Each building also features authentic classic southern porches, adding to the overall charm of Trail Creek. Trail Creek’s highly accessible location provides the best of both worlds – the convenience of being within walking distance to the Hampton Coliseum District and the excitement of living near Peninsula Town Center. The world-class Hampton Coliseum District is a mecca of first-class entertainment, boasting over 650 upscale retailers, dining destinations and businesses spanning over 1,900 acres. The biggest draw to living in Coliseum Central is access to the area’s beating heart, the Peninsula Town Center, a 1.1+ million open air mixed-use development that also boasts two parks, luxury apartments and flagship retailers that include Target, JC Penney and H&M. Trail Creek is being offered on a debt assumption basis with assumable accretive in-place debt that features a blended fixed rate of 4.40% across the senior and supplemental loans, with 31 months of remaining I/O payments. The Property’s operations also provide strong support for an additional co-terminus supplemental loan.