1717 St. James

Acquisition Date: June 2009
Location: Houston, TX
Size: 110,212 square feet
Investment Opportunity: Purchase at a significant discount to replacement cost and renovate common areas.
Results: Increased occupancy from 86% to 97% in 12 months. Extended leases of major tenants. Property was disposed in 20 months and investors received an annualized return of 32%.
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