| First closing: |
June 26, 2008 |
| Second closing: |
July 22, 2008 |
| Total units: |
28,540 |
| Per unit: |
$1,250 USD |
| Minimum return: |
8% per annum |
| Equity raised: |
$35,675,000 USD |
| Total portfolio acquired: |
$84,650,000 USD |
| Number of properties: |
5 (5 divested) |
| |
Properties by Purchase Price |
|
|
|
| |
 |
San Brisas Apartments (20% interest)
Phoenix, AZ |
| Purchase price: |
$3,800,000 USD |
| Purchase date: |
November 2009 |
| Debt maturity: |
December 2019 |
| Rentable area: |
209,284 sq. ft. |
| Site area: |
13 acres |
| Number of units: |
208 |
| Sale price: |
$5,600,000 |
| Complex amenities: |
Reception building, social centre, fitness centre |
| |
| |
|
 |
Paragon at Kierland Apartments
Scottsdale, AZ |
| Purchase price: |
$34,200,000 USD |
| Purchase date: |
November 2009 |
| Debt maturity: |
December 2019 |
| Rentable area: |
289,098 sq. ft. |
| Site area: |
10.36 acres |
| Number of units: |
276 |
| Sale price: |
$57,750,000 |
| Complex amenities: |
Pool, spa, barbeque, fitness centre, activities centre |
|
|
 |
Livingston Apartments
Dallas, TX |
| Purchase price: |
$18,350,000 USD |
| Purchase date: |
May 2009 |
| Rentable area: |
213,838 sq. ft. |
| Site area: |
11.83 acres |
| Number of units: |
180 |
| Sale price: |
$25,500,000 |
| Complex amenities: |
Pool, clubhouse, fitness centre, business centre |
|
|
 |
Fountainwood Apartments
Dallas, TX |
| Purchase price: |
$15,200,000 USD |
| Purchase date: |
May 2009 |
| Rentable area: |
228,900 sq. ft. |
| Site area: |
14.36 acres |
| Number of units: |
288 |
| Sale price: |
$19,800,000 |
| Complex amenities: |
Pool, spa, business centre, library, internet cafe, outdoor poolside kitchen, fitness centre |
|
|
 |
Windsong Apartment Homes
Dallas, TX |
| Purchase price: |
$13,100,000 USD |
| Purchase date: |
October 2008 |
| Rentable area: |
172,172 sq. ft. |
| Site area: |
10 acres |
| Number of units: |
264 |
| Sale price: |
$16,500,000 |
| Complex amenities: |
Two pools, two lighted tennis courts, clubhouse |
|
| |
|
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