| Property Name: |
Villas at Galleria |
| Location: |
Sacramento, CA |
| Units: |
258 units |
| Investment Date: |
January 2002 |
| Status: |
Realized |
|
|
Investment Strategy: Build and lease new apartments into a strengthening
market and sell the property to an investor upon stabilization. Due to high
housing costs in the sub-market, a sale to a condominium converter presented
the best disposition. The sale of the LP interest was consummated prior to
the beginning of the condominium conversion process.
|