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TPEG FUNDS ACQUISITION OF MULTIFAMILY COMMUNITY IN JACKSONVILLE, FL


TPEG partnered with S2 Capital to recapitalize and renovate the Tree House Apartments, located in Jacksonville, FL. The project is a 1973-vintage, 458-unit asset that has been partially renovated by S2 and a previous equity partner. TPEG will recapitalize the equity position and finish renovations while repositioning the asset. This required $15.00 million of TPEG capital and closed on 4/1/2019.

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