National Property REIT Corp. Exits Dylan at Grayson Investment with 1.7 Times Cash on Cash Return

GlobeNewswire11-21 20:01

NEW YORK, Nov. 21, 2024 (GLOBE NEWSWIRE) -- National Property REIT Corp. (“NPRC”) announced today it recently sold its Dylan at Grayson (“Dylan”) multifamily residential property in Grayson, Georgia, ...

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(“NPRC”) announced today it recently sold its Dylan at Grayson (“Dylan”) multifamily residential property in Grayson, Georgia, ...</p>\n\n<a href=\"https://finance.yahoo.com/news/national-property-reit-corp-exits-120100632.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>National Property REIT Corp. 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Exits Dylan at Grayson Investment with 1.7 Times Cash on Cash Return\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-21 20:01 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/national-property-reit-corp-exits-120100632.html><strong>GlobeNewswire</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>NEW YORK, Nov. 21, 2024 (GLOBE NEWSWIRE) -- National Property REIT Corp. (“NPRC”) announced today it recently sold its Dylan at Grayson (“Dylan”) multifamily residential property in Grayson, Georgia, ...</p>\n\n<a href=\"https://finance.yahoo.com/news/national-property-reit-corp-exits-120100632.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"NHLD","symbol_name":"National Holdings Corporation","start_time":0,"source_url":"https://finance.yahoo.com/news/national-property-reit-corp-exits-120100632.html","article_id":"2485544467","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2485544467","pubTimestamp":1732190460,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"NEW YORK, Nov. 21, 2024  -- National Property REIT Corp.  announced today it recently sold its Dylan at Grayson  multifamily residential property in Grayson, Georgia, for $56.7 million, achieving a 1.7 times cash on cash return on the investment acquired in December 2020.Since inception, NPRC has invested in 110 real estate properties, including 83 multifamily residential apartment properties , 12 self-storage properties, 8 student housing properties, 4 senior living residential properties, and 3 single tenant net lease facilities, totaling 36 million rentable square feet.“The Dylan sale demonstrates the strong performance of NPRC’s workforce housing focused portfolio, which has delivered consistent net operating income growth,” said Ted Fowler, Managing Director of National Property REIT Corp. “NPRC continues to benefit from demographic trends, driving high occupancy and rent growth, sustaining strong operational performance in the multifamily sector.”National Property REIT Corp.  is ","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"NHLD":"National Holdings Corporation","BK4135":"资产管理与托管银行","REIT":"ALPS Active REIT ETF","PSEC":"普罗斯佩克特资本"},"translate_title":"National Property REIT Corp.以1.7倍现金回报退出Grayson Investment的Dylan","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"NHLD":1,"REIT":1,"PSEC":0.9},"content_text":"NEW YORK, Nov. 21, 2024 (GLOBE NEWSWIRE) -- National Property REIT Corp. (“NPRC”) announced today it recently sold its Dylan at Grayson (“Dylan”) multifamily residential property in Grayson, Georgia, for $56.7 million, achieving a 1.7 times cash on cash return on the investment acquired in December 2020.\nSince inception, NPRC has invested in 110 real estate properties, including 83 multifamily residential apartment properties (representing 32,073 multifamily units), 12 self-storage properties, 8 student housing properties, 4 senior living residential properties, and 3 single tenant net lease facilities, totaling 36 million rentable square feet.\n“The Dylan sale demonstrates the strong performance of NPRC’s workforce housing focused portfolio, which has delivered consistent net operating income growth,” said Ted Fowler, Managing Director of National Property REIT Corp. “NPRC continues to benefit from demographic trends, driving high occupancy and rent growth, sustaining strong operational performance in the multifamily sector.”\nAbout National Property REIT Corp.\nNational Property REIT Corp. (www.npreitcorp.com) is a REIT that acquires real estate properties, with a particular focus on multifamily real estate. NPRC may acquire real estate assets directly or through joint ventures alongside operating partners. NPRC’s current multifamily portfolio consists of 48 properties with a market value of $3.5 billion.\nNPRC is a portfolio company of Prospect Capital Corporation (NASDAQ: PSEC), a publicly traded business development company with $7.6 billion of total assets as of September 30, 2024.\nCaution Concerning Forward-Looking Statements\nThis press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, whose safe harbor for forward-looking statements does not apply to business development companies. Any such statements, other than statements of historical fact, are highly likely to be affected by other unknowable future events and conditions, including elements of the future that are or are not under NPRC’s control, and that NPRC may or may not have considered; accordingly, such statements cannot be guarantees or assurances of any aspect of future performance. Actual developments and results are highly likely to vary materially from any forward-looking statements. Such statements speak only as of the time when made, and NPRC undertakes no obligation to update any such statement now or in the future.\nFor further information, contact:\nTed Fowler, Managing Director\nTfowler@npreitcorp.com\n(203) 249-2420","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2485544467"}