Houston: Cityside Crossing sale produces $10.7M profitHouston: Cityside Crossing sale produces $10.7M profithttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=14832015-03-13T13:23:00Z2015-03-13T00:00:00Z

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.

Texas Real Estate Business
Houston-The Woodlands-Sugar Land
http://rebusinessonline.com/resource-real-estate-opportunity-reit-sells-apartment-complex-in-houston/Read more at {Source}

 Search NewsTalk Texas