ReNew Marina Shores
Ronak Shah
Senior Vice President, Acquisitions
ReNew Marina Shores presents a compelling investment, strategically positioned in the Chesapeake Bay Area. The asset combines desirable community amenities with in-unit features designed to command premium rents and ensure high occupancy rates. The resort-style swimming pool, 24/7 fitness center, and extensive recreation areas cater to a discerning tenant base, while spacious floorplans and in-unit washer/dryers enhance the property's appeal. The mix of newly renovated units offers potential for phased value-add strategies, allowing for optimized returns over time.
- Prime location near Chesapeake Bay Beachfront Resort Area drives sustained demand and supports long-term value appreciation
- Comprehensive amenity package, including resort-style pool and 24/7 fitness center, justifies premium rents
- In-unit washer/dryers and private patios/balconies attract quality tenants and reduce turnover
- Phased renovation strategy in select units presents opportunities for incremental NOI growth
- Pet-friendly features like the dog park expand the potential tenant pool and support higher occupancy rates