Overview
Morguard Sunstone
Sunstone US (No. 4)
 
Sunstone U.S. Opportunity (No. 2) Realty Trust
Investment Properties
 
 
PORTFOLIO SUMMARY

Closing: October 29, 2009
Total units: 24,800
Per unit: $1,250 USD
Minimum return: 8% per annum
Equity raised: $31,000,000 USD
Total portfolio acquired to date: $79,087,500 USD
Number of properties to date: 4 (4 divested)
 
Properties by Purchase Price


PROPERTIES
 
The Preserve at Arbor Hills
(50% interest)

Dallas, TX
Purchase price: $16,887,500 USD
Purchase date: March 2011
Rentable area: 310,072 sq. ft.
Site area: 15.302 acres
Number of units: 330
Sale price: $20,500,000 USD
Complex amenities:

Swimming pool, heated spa, professional services room, clubroom, 24-hour fitness centre, picnic areas with barbecue grills, adjacent to nature preserve 

 
 
 
Azure Creek at Tatum Ranch Apartments
Phoenix, AZ
Purchase price: $17,500,000 USD
Purchase date: December 2010
Debt maturity: December 2017
Rentable area: 140,016 sq. ft.
Site area: 3.281 acres
Number of units: 160
Sale price: $23,250,000 USD
Complex amenities:

Pool, spa, 24-hour fitness facility, executive business center, picnic areas, barbeque grills, open air cabana, dog park

 
 
 
Walker Commons
Houston, TX
Purchase price: $29,500,000 USD
Purchase date: June 2010
Rentable area: 326,590 sq. ft.
Site area: 18.686 acres
Number of units: 352
Sale price: $43,800,000 USD
Complex amenities: Clubhouse, athletic center, executive business center, pool, outdoor grills, outdoor living area with fireplace
 
 
 
 
San Brisas Apartments (80% interest)
Phoenix, AZ
Purchase price: $15,200,000 USD
Purchase date: November 2009
Rentable area: 209,284 sq. ft.
Site area: 13 acres
Number of units: 208
Sale price: $22,640,000 USD
Complex amenities: Reception building, social centre, fitness centre
 
 

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