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Sunstone U.S. Opportunity (No. 2) Realty Trust
Investment Properties |
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| 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: |
$44,700,000 USD |
| Number of properties to date: |
2 |
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Properties by Purchase Price |
Debt Maturities |
|
Year |
Debts |
2017 |
64% |
2019 |
36% |
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| Acquisition is ongoing; more properties will be acquired. |
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Walker Commons
Houston, TX |
| Purchase price: |
$29,500,000 USD |
| Purchase date: |
June 2010 |
| Mortgage: |
$20,650,000 USD |
| Interest rate: |
4.78% |
| Debt maturity: |
June 2017 |
| Rentable area: |
326,590 sq. ft. |
| Site area: |
18.84 acres |
| Number of units: |
352 |
| Complex amenities: |
Clubhouse, athletic center, executive business center, pool, outdoor grills, outdoor living area with fireplace |
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San Brisas Apartments (80% interest)
Phoenix, AZ |
| Purchase price: |
$15,200,000 USD |
| Purchase date: |
November 2009 |
| Mortgage: |
$11,620,000 USD |
| Interest rate: |
5.63% |
| Debt maturity: |
December 2019 |
| Rentable area: |
210,820 sq. ft. |
| Site area: |
13 acres |
| Number of units: |
208 |
| Complex amenities: |
Reception building, social centre, fitness centre |
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