TPEG sells the last of 56 condominiums purchased out of foreclosure

TPEG sold the last of 56 condominiums it purchased out of foreclosure in December of 2009. The Piazza Siena Condos are located in the Cedar Creek neighborhood of Dallas, Texas, and were sold to individual buyers. TPEG investors realized an IRR of 24% and a cash-on-cash return of 160% over the life of the investment.