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News & Events

JARG Advisors, Ltd. Acquires Multi-family Note from Key Bank

October 18, 2012 – Dallas, Texas.  JARG Advisors, Ltd. an affiliate of JAlexander Realty Group, Ltd. (“JARG”), announced a $3,300,000 “all cash” notepurchase from Key Bank.  The Loan is securedby a 240 unit multifamily property on approximately 9.18 acres.  The majority of the equity was provided by alife insurance company.

JARG Fund II, L.P. and JARG Fund III, L.P. and JARG, along with 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. 

"Currently we are focused on buying both distressed notes andproperties of various multi-family asset classes.  This acquisition from Key Bank is an exampleof the execution of that strategy.”

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

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