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News & Events

JARG Makes Equity Investment into Killeen, TX Multi-Family Project

June 18, 2008 – Dallas, Texas. J Alexander Realty Group announced today, an equity and debt investment as part of a $16,631,000 project known as Creekside Manor Senior Community, a Class “A”, 180 unit, age-restricted multi-family development, located in Killeen, Texas. The property is expected to yield an anticipated 26%/year return to JARG Fund II, L.P. and JARG Fund III, L.P. The investment horizon is expected to be 3 years.

"J Alexander continues to believe in the model that Colonial Communities has created for senior multifamily housing. JARG Fund(s) will continue to be pro active with Rich Shaw and his group as we look for superior returns in a market place that seems to be growing rapidly"

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

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