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Partial Exit Nets More Than Original Acquisition Price

Posted by: In: Uncategorized 22 Aug 2016 Comments: 0

In April, we partially exited a land parcel in Northwest San Antonio to CST Brands Inc, which plans to build a Corner Store on the tract.

Some of the highlights include:

  • Total 10.58 acres acquired in May 2015 for $1,300,000.
  • Partial exit of 4.71 acres was sold in April 2016 for $1,400,000.  Yes, less than 1/2 of the property sold for more than the total acquisition price in less than one year.
  • Approximately $840,000 of sale proceeds were set aside in an escrow to make infrastructure improvements on remaining 2 pad sites, which will further increase value/prepare sites for sale.

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The tract sits in a rapidly growing area of the Alamo City, the Westover Hills neighborhood. Significant residential, commercial, and business facilities can be found around the land, and the city’s downtown is only seven miles away. We’re expecting the remaining parcels to be prepared and sold off to developers in 2017.

Rockspring owns another property in this booming neighborhood – a 7.6-acre property off of Rogers Rd near Mt. Evans acquired in 2014.

This sale is a great example of Rockspring’s strategy to acquire diverse portfolio options that can be sold off in partial exits to the highest and best user.  We look forward to even more exciting sale updates in the near future.

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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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