Good progress is maintained in:
(1) Aquisition
(2) Renovation
(3) Leasing
....
"• The Fund currently owns 565 freestanding homes and 26 multi-family properties. • During Q4 2015, the Fund completed $US14.6 million worth of renovation work on its freestanding homes. • The Fund currently has 94 properties in the pipeline for renovation, expected to contribute a further US$11.4 million per annum of rental revenue. • The Fund sold the multi-family building located at 75 MacDonough, Bed-Stuy, Brooklyn, for US$4.2 million, a favourable increase over the June 2014 purchase price of US$3.1 million. FREESTANDING PORTFOLIO AREA PROPERTIES VALUE (US$) Brooklyn 94 220.3 million Manhattan 19 66.7 million Hudson Premium 125 199.0 million Hudson Workforce 319 120.2 million Queens 8 12.3 million MULTI-FAMILY PORTFOLIO JOINT VENTURE ENTITY UNITS VALUE (US$) Golden Peak II, LLC 400 31.0 million Hudson Gardens, LLC 129 12.8 million Gold Coast Equities, LLC 198 18.7 million DXEX I 70 15.3 million DXEX III 124 28.9 million
URF Price at posting:
$2.13 Sentiment: Hold Disclosure: Held
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