National Property REIT Corp. Exits Dylan at Grayson Investment with 1.7 Times Cash on Cash Return
Prospect Capital Corporation - Closed End Fund (PSEC)
Last prospect capital corporation - closed end fund earnings: 2/10 04:02 pm
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Source: GlobeNewswire
NEW YORK, Nov. 21, 2024 (GLOBE NEWSWIRE) -- National Property REIT Corp. (“NPRC”) announced today it recently sold its Dylan at Grayson (“Dylan”) multifamily residential property in Grayson, Georgia, for $56.7 million, achieving a 1.7 times cash on cash return on the investment acquired in December 2020. Since inception, NPRC has invested in 110 real estate properties, including 83 multifamily residential apartment properties (representing 32,073 multifamily units), 12 self-storage properties, 8 student housing properties, 4 senior living residential properties, and 3 single tenant net lease facilities, totaling 36 million rentable square feet. “The Dylan sale demonstrates the strong performance of NPRC’s workforce housing focused portfolio, which has delivered consistent net operating income growth,” said Ted Fowler, Managing Director of National Property REIT Corp. “NPRC continues to benefit from demographic trends, driving high occupancy and rent growth, sustaining strong o
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