Windwater Mills

72 existing one and two bedroom condominium units previously operated as luxury rentals. BayRock acquired the existing property from the original developer and proceed to renovate each home upon turnover; and upgrade and re-position the entire common area at an approximate cost of $30,000/unit. Each home’s kitchen and bath were substantially gutted and/or renovated to include new cabinetry, vanities, stainless steel appliances, fixtures and lighting. All common area items were upgraded. An existing tired, community room was successfully converted to a furnished, Luxury Guest Suite. This amenity was extremely popular as the Property is within a short drive to the SFO International Airport. Several homes have SF Bay views. Over 60% of the unit mix consisted of two bedroom/two bath homes. The conversion and sales program was completed in June 2007 after a rapid and highly successful sales program.

Community Data:

• 72 existing Condominium Units built in 1989
• 938 square feet average unit size
• 1.53 spaces/unit parking
• pool, spa and renovated Luxury Guest Suites