This company has troubles but its real estate yields an amazing rental. Pay attention to the deal ...
This company has some troubles, but its real estate rents amazingly well.
Take note of this real estate deal in Michigan.
Harbor Club is a rental property located in Belleville township and GNF holds about 95.83% of its shares. As of the end of September, 2018 had a book value of $ 77 million, and the average occupancy rate was about 85%.
GFI reports indicate that in the third quarter of 2018, the compound generated NOI (gross profit from rental) of 3.2 million, compared to NOI of 1.1 million recorded in the first quarter of this year. This growth contributed, among other things, to an increase of 13.5% in average annual rents (from 10.3 dollars per square foot to 11.7 dollars per square foot).
Yariv Paz What do you think?
GFI bond returns full December fall: Michigan housing complex sells for $ 79 million
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