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News & Events

40% Return from Partial Sale in New Braunfels, TX

May 13, 2008 – Dallas, Texas. J Alexander Realty Group announced a successful sale (partial) of its New Braunfels, Texas asset. This sale, after seventeen (17) months from date of purchase, yielded a 40% unleveraged IRR to the asset. The sale resulted in a distribution to the JARG Fund II, L.P. investors.

"We are very pleased with the sale (partial). Our pro forma expectations for the entire asset were based on a 3 year horizon in terms of an exit strategy. The fact that we were able to sell off part of the asset so quickly increases our optimism that the rest of the asset will be sold ahead of expectations.”

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

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