RREAF Holdings Successfully Divests of Multiple Properties in Its Portfolio
News provided by
Share this article
Share this article
DALLAS, May 7, 2021 /PRNewswire/ RREAF Holdings LLC, a private real estate investment and development firm based in Dallas, today announced the successful disposition of multiple properties in its portfolio. Three separate sales included RREAF s Gulf Coast portfolio, located in Mississippi and Alabama, along with two separate multifamily properties in South Carolina and Oklahoma. These three offerings yielded a 26.7 percent IRR, 19.4 percent IRR and 18.9 percent IRR, providing RREAF investors with an exceptional rate of return that beats market norms.
The Prosper Gulf Coast portfolio, acquired in December 2017, includes four Prosper properties – Prosper Gulfport, Prosper Jackson, Prosper Orange Beach and Prosper Senatobia – for a total of 1,086 units.