Advenir Disposition: Advenir@Spring CaynonDec 05, 2019
We have concluded our investment in Spring Canyon with a closing last week. The investor returns certainly ranks among the top 10 Advenir sales. The final sale price was a sub 4.7 cap valuation.The property was held 5.5 years and the original equity had been previously returned. The final distribution is in the amount of $163,000 (per every $100,000 invested). The annualized simple returns to investors is 35.7% and a 2.96x equity multiple.