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News & Events

JARG Advisors, Ltd. Acquires Multi-family Property from Borrower

November 30, 2012 – Dallas, Texas.  JARG Advisors, Ltd., an affiliate of JAlexander Realty Group, Ltd. (“JARG”) purchased the property known formerly as Sahara Palms (now known as TheLondonderry Apartments) in exchange for extinguishing the note.  The 240 unit multifamily property sits onapproximately 9.18 acres.  The majorityof the equity was provided by a life insurance company.

JARG Fund II, L.P. and JARG Fund III, L.P. and JARG, alongwith other investors, participated in the acquisition.  The acquisition is projected to yield a 22% returnper year to the equity over a five (5) year timeframe. 

"Once we purchased the note from Key Bank, we were able to sitdown with the borrower and negotiate an acquisition of the property.  While we can not disclose the terms of thetransaction we felt that both parties were satisfied with the outcome.”

-A. Christopher Slauer – Managing General Partner, JARG Advisors, Ltd.

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