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Sharon Park
SHARON PARK
HOUSTON, TX


 
Description

Investment Date: March 1995

Investment Cost: $11.8 Million

Improvement Cost: $1.9 Million

Sale Price: $14.1 Million

Sale Date: September 1998

IRR: 9.0%
A 635 unit garden style apartment property located in Houston, Texas. The property was built in 1973.

Strategy

Sharon Park was purchased at 40% of replacement cost. It was renovated and professionally managed to increase cash flow and value.

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Charter Capital Management, Inc.