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Resource Real Estate Opportunity REIT Announces Sale of 420-Unit Domain at Holcomb Bridge in Georgia

February 9, 2016

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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Gregory De Jong, CFP, Co-Founder of Paragon Advisors, LLC.
July 7, 2015

Blue Vault is just what advisors need to size up the different offerings in the nontraded REIT market. Just as importantly, it’s what the industry needs to encourage best practices among REITs.