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News & Events

JARG Makes Equity Investment Into Denton, TX Multi-Family Project

February 11, 2008 – Dallas, Texas. J Alexander Realty Group announced today, an equity investment as part of a $21,915,000 project known as Spencer Manor Senior Community, a Class “A”, 240 unit, age-restricted multi-family development, located in Denton, Texas. The property is expected to yield an anticipated 40%/year return to JARG Fund II, L.P. and JARG Fund III, L.P. The investment horizon is expected to be 3 years.

"The population of “baby-boomers” is growing rapidly. There is substantial demand from these consumers for market rate housing in a multi-family setting that allows them to remain independent. J Alexander feels that Rich Shaw and Colonial Communities are in a unique position to take advantage of this demand."

-A. Christopher Slauer – Managing General Partner, J Alexander Realty Group, Ltd.

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