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Gelt Sells Anzio Apartments

On August 27th, 2015, escrow closed for the sale of Anzio Apartments in Tempe, Arizona. Gelt sold the property for $19,500,000, equating to to $81,250/unit and $105/sf. The sale of the propery netted Gelt investors a cumulative return of approximately 55% and an annual return of approximately 29% over the 23-month ownership period.

To learn more details on the ownership and sale of Anzio Apartments, 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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