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TPEG funds acquisition of two multifamily communities in Lake Jackson


TPEG partnered with Network Acquisition Partnership Alliance for the purpose of acquiring and renovating two garden-style multifamily communities in Lake Jackson, Texas. Treasure Bay has 200-units and was constructed in 1974, and Oyster Creek has 201-units and was built in 1976. TPEG provided $9.17 million in preferred equity and mezzanine capital.

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