Orsett previously acquired the property prior to an August
24th, 2007 related-party transfer and $12.95m construction deed of
trust with Compass Bank. The complex was completed in 2008 and sits on 7.93 net
or 9.18 gross acres. The units are individually-metered for electricity and
master-metered for water. The property is professionally managed by Management
Support Services and is currently 97% occupied.
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By:
Paul Dionne
Research Analyst
pdionne@vizzda.com
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