Case Study
Sedona Square Apartments
Houston, TX
Multifamily
132 Units
GPI acquired Sedona Square in August 2014, and it was sold in December 2015. This GPI property has the shortest holding period which is less than 1.5 year. The occupancy rate was raised from 90% and maintained above 96% within a year. At the time of exit, T-3 NOI was increased to 988k which is 43% higher than the 693k at beginning of operation.
| Year Built | 1983 |
| Class | C |
| Purchase Price | $8.00mm |
| Sold Price | $11.77mm |
| Total Return | $3.21mm |
| Holding Period | 1.33 Years |
| Total ROE | 136.21% |
| Average ROE | 102.41% |
With over $760 million in total investments and $197 million in total distributions, GPI continually strives to help our investors achieve long-term financial goals since our founding 14 years ago.