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TPEG SELLS POINTE ON CALLOWAY

June 6, 2018

On June 6, 2018, TPEG and S2 Capital, LLC successfully closed on the sale of Pointe on Calloway (formerly known as Hamilton Villas), a 214-unit multifamily community located in Hurst, Texas.

 

TPEG investors realized an IRR of 39.9% and a cash on cash return of 256.0% over the 46 month investment period upon sale. TPEG and S2 expect one additional distribution that will push the final IRR to approximately 40.8% and final cash on cash return to 262.2%.

 

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