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Gelt Sells Sora on Rose

On December 22nd, 2015, Gelt sold Sora on Rose, formerly known as La Paz, for $7,850,000. The property, which was built in 1971, was acquired by Gelt in September of 2013. The property was a well executed value add play that netted investors a cumulative return of approximately 29.5% over the 26-month ownership period.

To learn more details on the ownership and sale of the Sora on Rose, please click here to read the property case study.

Gelt was founded by cousins Keith Wasserman and Damian Langere during the height of the economic recession and financial meltdown in 2008. Gelt?s business plan is to acquire and re-position value-add multifamily real estate investments.

Gelt is committed to providing investors with quality, cash-flowing investment opportunities and is seeking to acquire multifamily, retail, and mobile home park properties in the Western United States with an emphasis in California, Utah, Nevada, Arizona, Colorado, and Oregon.

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