Ventana at Valwood returns equity capital

Fifteen months after purchasing Ventana at Valwood, a 265-unit multifamily community in Farmers Branch, Texas, the project has been refinanced. The refinancing allowed Ventana to return 75% of each equity investor's initial capital contribution. Ventana has also made quarterly distributions to equity investors to pay their preferred return of 10%. Equity investors will continue to accrued a preferred return on their remaining unreturned capital and will receive 50% of all cash distributions to equity after their capital has been returned.