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TPEG sells both its retail shopping centers


TPEG partnered with Encore Realty in 2010 to acquire Governor's Pointe, a class A retail space in the affluent Cincinnati suburb of Mason that became Trinity’s first retail shopping center investment. TPEG partnered again with Encore in 2011 to purchase a Publix-anchored shopping center in Pelham, Alabama, a suburb of Birmingham. Both properties were sold today. On $2.1 million invested in Governor's Pointe, TPEG investors realized a 202% cash-on-cash return and a 12.7% IRR over the seven-year holding period. On $3.5 million invested in Pelham Town Center, TPEG investors realized a 152% cash-on-cash return and a 9.1% IRR over the six-year holding period.

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