In early October 2013, one of Thrive’s equity investments (Las Colinas) was sold. The sale culminated in an 18-month holding period. Over the term of the investment, the partners received a 58% annual cash-on-cash return and a 1.8 equity multiple, well exceeding our initial goals for this property. This outstanding outcome is the result of the excellent efforts of our operating partner, Antonio Marquez of Quez Capital, and the strong current real estate market. Thrive, FP does not expect to achieve this level of return on every investment, but is very pleased with this outcome and is planning more investments with Quez Capital in the future.
Thrive, FP Celebrates the Sale of Las Colinas