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BD – Additional Property Sales Cap Off a Solid Year

Posted by: In: Uncategorized 03 Jan 2017 Comments: 0

By Michael Ross, Vice President, Asset Management & Entitlements

What better way to close a solid year than to announce the closing of two more properties.

In November, we announced the sale of a 10-acre land tract in Rosenberg, Texas, just south of Houston. The property, located at the northeast corner of FM 2218 and Town Center Boulevard, was sold to commercial real estate company, Gamal Enterprises, to be used for retail development. The population growth in Fort Bend County and the property’s close proximity to Brazos Town Center made the property especially attractive to developers.

 

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Additionally, we announced the sale of the Ranches of San Geronimo in Helotes, Texas, a 1,590-acre tract of land. This is the largest asset our firm has currently sold in the Alamo City. The esteemed school district and scenic hill country appeal puts high demand on this northwest San Antonio location. The property was sold to Southerland Communities, which plans to change the name to Canyon Creek Preserve and develop 25-acre+ ranches for residential use.

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We look forward to announcing more closings in early 2017!

 

For Broker Dealer Use Only
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This is neither an offer to sell nor a solicitation of an offer to buy any security, which can be made only by the confidential private placement memorandum (PPM) and all exhibits, attachments and supplements thereto, and sold only by broker-dealers and registered investment advisors who are licensed to do so. These investment opportunities have not been registered under the Securities Act of 1933 and are being offered pursuant to an exemption there from and from applicable state laws. Please read the PPM carefully before you invest. There is no assurance that the investment objectives of this program will be attained. All information is subject to change. Consult the PPM for investment conditions, risk factors, minimum requirements, fees and expenses and other pertinent information with respect to this investment. Rockspring Capital, LLC makes no representations as to the suitability for any purpose of any investment whatsoever. This presentation is intended solely for accredited investors who have received a PPM. Any unauthorized reproduction of this information is strictly prohibited.

Securities offered by Emerson Equity LLC, Member FINRA/SIPC. Emerson Equity is not affiliated with Rockspring Capital.

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