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.