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Grand Parkway (10% interest) - Houston, TX
Grand Parkway is a 342-unit luxury apartment complex comprised of 13 three-storey residential buildings, 11 private garage buildings, a 3,451 square foot clubhouse building and a 3,119 square foot amenity building. There are 12 unit floor plans, with an average of 887 square feet. 70% are one bedroom with study units, 28% are two bedroom units and 2% are three bedroom units. The 16.16 acre property is located in West Houston adjacent to Cinco Ranch, America’s top selling community, voted the country’s highest quality of life in 2009. The area offers ‘exemplary’ rated schools and is situated less than two miles from premier shopping destinations and less than six miles from the Energy Corridor, Houston’s fourth largest employment centre with 73,000 employees. This recently constructed complex includes best-in-class modern amenities such as executive business and resident social areas within the clubhouse; an amenity building with an athletic centre, cardio theatre and cyber lounge; and a stunning resort-style pool area with sunning ledge, fountains, water park and poolside grilling.
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Acquired: |
June 2011 for
$3,250,000 USD |
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| Sold: |
January 2017 for $4,040,000 USD |
Embassy Suites Tempe - Phoenix, AZ
Embassy Suites Tempe is a 224-room hotel comprised of 12 two- and three-storey buildings located on an 8.099 acre site. All rooms are 475 square feet with either a king size or two double beds. The hotel is located in Tempe, part of the Metropolitan Phoenix area, and is situated only 10 minutes from Phoenix Sky Harbor International Airport, at the major intersection of US-60 (Superstition Highway) and Rural Road. Embassy Suites Tempe is also in close proximity to downtown Tempe, Arizona State University, several employment hubs, and some of the best shopping, restaurants, local attractions and golf courses that the East Valley area of Phoenix has to offer.
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Acquired: |
May 2011 for
$19,000,000 USD |
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| Sold: |
January 2017 for $22,000,000 USD |
The Preserve at Arbor Hills - Dallas, TX
The Preserve at Arbor Hills is a 330 unit multi-family housing complex comprised of 4 two-storey and 13 three-storey buildings. The units range in size
between 692 and 1,436 square feet and have an average of 950 square feet. The
15.302 acre property is located in Plano, an upper-class neighbourhood that is central to several major highways, two
large upscale malls, and the Dallas-Fort Worth airport. The complex includes a swimming pool, heated spa, professional services room, clubroom, 24-hour fitness centre and picnic
areas with barbecue grills.
The property is located adjacent to the Arbor Hills Nature Preserve, a 200-acre park featuring areas for jogging, hiking and other outdoor activities.
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Acquired: |
March 2011 for $16,887,500 USD
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| Sold: |
August 2014 for $20,500,00 USD |
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Zona Hotel & Suites - Phoenix, AZ
www.zonascottsdale.com
Zona Hotel & Suites is a 431-room resort hotel comprised of 14 two- and three-storey guest room buildings, 3 single-storey buildings containing the lobby/registration, restaurant and lounge and the ballroom. Guest rooms range in size between 275 to 1,200 square feet, with an average of 600 square feet. The 11.87 acre property is located in the epicenter of north Scottsdale, in close proximity to a golf club and several business parks. The resort includes a restaurant, lounge, meeting spaces including the ballroom, four swimming pools (two salt water and two standard) with cabanas and whirlpool spas, four outdoor fireplaces, a fitness centre, a business centre, a gift shop/sundries market, wireless internet access and shuttle bus transportation.
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Acquired: |
January 2011
for $34,000,000 USD |
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| Sold: |
June 2014 for $52,000,000 USD |
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