Concluded the sale of Fountain Lake Apartments as a Note Sale from Wells Fargo Bank. The acquisition provided JB Howell with 189 condo units out of 201, then purchased an additional 10. JB Howell was able to profit approximately $7,000,000 on a total cost basis of $10,000,000 within a 24 month hold period.
Acquired Mesquite Terrace Apartments in Midland, TX, with 288 units for $37,125,000.
Land Acquisition for Single Family Built for Rent Homes