Pillars at Great Bridge

Pillars at Great Bridge, located in Chesapeake, Virginia, was acquired on November 12, 2025. The property features a mix of market-rate and affordable units, aligning well with McDowell’s two investment strategies. Many of the market-rate units remain in classic condition, presenting a strong opportunity for value creation through interior renovations. The overall investment strategy focuses on enhancing the property’s value through targeted upgrades while contributing to the local community by maintaining and offering quality affordable housing options.

The property is a 192-unit, Class B, garden-style apartment community located at 124 Fairwind Drive in Chesapeake, Virginia. Built in 2009, the property consists of seven three-story residential buildings offering a mix of one, two, and three bedroom floor plans. Situated in the desirable Greenbrier West submarket of Chesapeake, part of the broader Hampton Roads region, the asset benefits from proximity to major retail, dining, and employment centers, including the Town Place at Greenbrier and several regional business parks.

The property offers a robust amenity package including a resort-style swimming pool with sundeck, fitness center, clubhouse, dog park, and available garage parking. Apartment interiors feature nine-foot ceilings, private balconies or patios, and upgraded units with hardwood-style flooring, granite countertops, and stainless-steel appliances.

Amenities:

• Resort-Style Swimming Pool with Sundeck
• Fitness Center
• Clubhouse
• Dog Park
• Garage Parking