National Property REIT Corp. Exits Dylan at Grayson Investment with 1.7 Times Cash on Cash Return
Portfolio Pulse from
National Property REIT Corp. (NPRC) has sold its Dylan at Grayson property in Georgia for $56.7 million, achieving a 1.7 times cash on cash return on an investment made in December 2020.
November 21, 2024 | 12:15 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
National Property REIT Corp., potentially linked to Prospect Capital Corporation (PSEC), sold a property for $56.7M, achieving a 1.7x cash on cash return.
The sale of the Dylan at Grayson property by NPRC, which may be associated with PSEC, indicates a successful investment exit with a significant return. This could positively impact PSEC if they are indeed related, as it reflects effective asset management and potential for increased revenues.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50