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TPEG SELLS THE MUSE (FORMERLY TIERRA LINDA)


March 2017: Trinity Private Equity Group partnered with S2 Capital to acquire a 1,190-unit, two-asset, multifamily portfolio located in Dallas, Texas. In October 2020, S2 Capital successfully closed on a sale of The Muse Apartments for $66.0 million.


With a pre-tax distribution of net sales proceeds equal to approximately ~76.37% of the original equity associated with The Muse, TPEG investors would have realized an internal rate of return (“IRR”) of 41.5% and a cash-on-cash return of ~2.07x over the 44-month investment horizon.