TPEG sells Ventana

TPEG sold the Ventana at Valwood apartment community in Farmer's Branch, Texas. TPEG and S2 Capital, LLC purchased the property in June 2013 for $7.50 million and sold the property in August 2017 for $18.55 million.

TPEG investors realized an internal rate of return (“IRR”) of 48.4% and a cash-on-cash return of 315%. S2 and TPEG expect two additional distributions to occur within several months, and these distributions will push the final IRR to ~49.8% and the final cash-on-cash to ~329%.

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