Case Study
Crescent City
Houston, TX
Multifamily
328 Units
GPI acquired Crescent City in December 2013. For a 5.91-year holding period, it generated 505.23% total ROE and 85.34% annualized ROE, mainly from the capital appreciation when it was sold. We made a cash-out refinance with a total of $3,700,000 amount out, which was already higher than the $2,310,000 equity investment.
| Year Built | 1975 |
| Class | C |
| Purchase Price | $7.61mm |
| Sold Price | $17.27mm |
| Total Return | $11.67mm |
| Holding Period | 5.92 Years |
| Total ROE | 505.23% |
| Average ROE | 85.34% |
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.