Chelsea @ Lee Hall Newport News, Virginia

This 223-unit apartment community was purchased and renovated in 2001 through owner equity and a FHA-insured loan from the Department of Housing and Urban Development. As part of the financing and purchase package, more than $2.3 million was expended in the renovation, which was completed in early 2002. This work involved extensive interior refurbishments such as new kitchens, baths, flooring and fixtures. Exterior enhancements included new windows, site lighting, fencing and the construction of a clubhouse, office and workout facility. These improvements, combined with intensive management, have made Chelsea one of the most desirable communities in the Newport News/Williamsburg market.

For more information, visit www.chelseaatleehall.com.