Fairways at Prestonwood - DIVESTED

The Fairways at Prestonwood  comprising 156 residential units is located in the Dallas Fort-Worth Metroplex. Fairways at Prestonwood has 152,072 square feet of rentable area situated in 10 buildings on 11.46 acres of land.

  • PURCHASE PRICE:  US$17,500,000
     
  • PURCHASE DATE:  MARCH 2013
     
  • SALE PRICE:  US$22,800,000
     
  • SALE DATE:  NOVEMBER 2016
     
  • YEAR BUILT:  1991
     
  • ANNUALIZED RETURN ON EQUITY:  OVER 17%