HOUSTON - Cityside Crossing Apartments, a 360-unit multifamily community, has been sold by Resource Real Estate Opportunity REIT Inc., a non-traded real estate investment trust sponsored by Resource Real Estate Inc.
Opportunity REIT acquired the community in December 2012. The sale of Cityside Crossing produced a cash profit of $10.7 million, and an average annual return of 28.4 percent.
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