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FEBRUARY 8, 2016 | MultifamilyBiz.com
NORCROSS, GA – Resource Real Estate Opportunity REIT, a non-traded real estate investment trust sponsored by Resource Real Estate, announced the sale of Domain at Holcomb Bridge. The Opportunity REIT held a 42.5 percent ownership interest in Domain with an unaffiliated partner.
Domain is a 420-unit multifamily residential community located in Norcross, Georgia. On January 27, 2016, Domain was sold, generating a profit to the Opportunity REIT of approximately $900,000 and an average annual return of 9.1 percent.
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