Case Study
Rama Apartments
Houston, TX
Multifamily
233 Units
As GPI’s first exited property, Rama was acquired in October 2012 and sold April 2015. The occupancy rate was at low 80% when we acquired the property. Through active and effective management, the occupancy rate was raised and maintained above 95% within a year and half. At the time of exit, occupancy rate was 99%.
| Year Built | 1978 |
| Class | C |
| Purchase Price | $3.51mm |
| Sold Price | $5.10mm |
| Total Return | $1.43mm |
| Holding Period | 2.42 Years |
| Total ROE | 130.25% |
| Average ROE | 53.82% |
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.