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SRC sells 466-unit property – Enclave at Prestonwood

March 2014 SRC is pleased to announce its first “round trip” with the sale of the Enclave at Prestonwood, a 466 unit property in Dallas, Texas. SRC provided Blackstone and its investors an attractive IRR over a hold time of less than three years. The property was purchased out of foreclosure and was fully rehabbed and re-positioned. Renovations included new Hardie-Plank siding, a range of interior and exterior upgrades, and the implementation of A-class amenities such as a dog park and fitness center.