North Bay Group LLC
Real EstateVirginia, United States11-50 Employees
North Bay Group LLC operates as North Bay Properties, a real estate professional services firm headquartered in Virginia Beach, Virginia. Founded in 1998, the company focuses on acquiring and substantially rehabilitating multifamily housing to improve property quality and resident experience. It owns and/or manages more than 1,200 upscale apartments across Virginia markets including Virginia Beach, Hampton, Newport News, Charlottesville, Norfolk, Chesapeake, and Suffolk. In its development work, North Bay Group participates as a key member of rehabilitation and repositioning teams, handling acquisitions negotiations, feasibility studies, market analysis, rehab strategy development, and budgeting. Rehab projects have modernized properties and positioned them at the upper end of the rental market, with an average monthly rent increase of about $160 per unit after rehab.