| First closing: |
October 28, 2010 |
| Second closing: |
November 24, 2010 |
| Total units: |
36,321 |
| Per unit: |
$1,250 USD |
| Minimum return: |
8% per annum |
| Equity raised: |
$45,401,250 USD |
| Total portfolio acquired to date: |
$73,137,500
USD
|
| Number of properties to date: |
4 |
| |
Properties by Purchase Price |
Debt Maturities |
 |
Year |
Debts |
2016 |
71% |
2018 |
29% |
|
 |
Grand Parkway (10% interest)
Houston, TX |
| Purchase price: |
$3,250,000 USD |
| Purchase date: |
June 2011 |
| Mortgage: |
$2,275,000 USD |
| Interest rate: |
4.58% |
| Debt maturity: |
June 2018 |
| Rentable Area: |
303,268 sq. ft. |
| Number of units: |
342 |
| Complex amenities: |
Executive business and resident social areas within the clubhouse, athletic centre, cardio theatre, cyber lounge, resort style pool area with sunning ledge, fountains, waterpark, poolside grilling |
| |
| |
| |
| |
 |
Embassy Suites Tempe
Phoenix, AZ |
| Purchase price: |
$19,000,000 USD |
| Purchase date: |
May 2011 |
| Mortgage: |
$11,000,000 USD |
| Interest rate: |
4.99% |
| Debt maturity: |
May 2016 |
| Site area: |
8.27 acres |
| Number of units: |
224 |
| Hotel amenities: |
Heated pool, fitness center, business center, lounge & restaurant, gift shop |
| |
| |
| |
| |
 |
The Preserve at Arbor Hills (50% interest)
Dallas, TX |
| Purchase price: |
$16,887,500 USD |
| Purchase date: |
March 2011 |
| Mortgage: |
$10,625,000 USD |
| Interest rate: |
floating rate |
| Debt maturity: |
April 2018 |
| Rentable area: |
313,420 sq. ft. |
| Site area: |
20.57 acres |
| Number of units: |
330 |
| Complex amenities: |
Swimming pool, heated spa, professional services room, clubroom, 24-hour fitness centre, picnic areas with barbecue grills, adjacent to nature preserve |
| |
| |
| |
| |
 |
Zona Hotel & Suites
Phoenix, AZ |
| Purchase price: |
$34,000,000 USD |
| Purchase date: |
January 2011 |
| Mortgage: |
$20,400,000 USD |
| Interest rate: |
floating rate |
| Debt maturity: |
January 2016 |
| Site area: |
11.87 acres |
| Number of suites: |
431 |
| Hotel amenities: |
Four swimming pools (two salt water / two standard) with cabanas and whirlpool spas, restaurant, lounge, meeting space including a ballroom, four outdoor fireplaces, fitness centre, business centre, gift shop/sundries market, wireless internet, shuttle bus transportation |
| |
|
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