| 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 |
| |
| |
 |
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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