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News & Events

JARG Makes Equity Investments Into Prosper, TX Land for Retail Development

January 31, 2007 – Dallas, Texas. J Alexander Realty Group announced today, an equity investment as part of a $2,492,000, 15.01 acre land investment in Prosper, Texas. The property is located at the corner of First St. & Coit Rd. in Prosper. The developer, Wilcox Construction, along with J Alexander, feel that the property is well positioned to take advantage of a scarcity of retail to support the growth of the city. Prosper is a high net worth suburb of Dallas, Texas. The property is expected to yield a 10% preferred return with an anticipated 32.5%/year return to the JARG Fund II, L.P. The investment horizon is expected to be no longer than 4 years.

"Given the fact we were able to acquire the land at $3.25/ft., we feel the opportunity for a substantial profit exists upon the development of the land"

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

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