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Resource Real Estate Opportunity REIT Earns 29.7% Average Annual Return in Clear Lake Apt. Sale

Private Buyer Purchases 244-Unit The Ivy at Clear Creek for $19.4 Million
By Andrea Lester
February 29, 2016 | 6:28 P.M.

Resource Real Estate Opportunity REIT (Resource), a non-traded real estate investment trust sponsored by Philadelphia-based Resource Real Estate, sold the 244-unit Ivy at Clear Creek in Houston to a private investor for $19.4 million, or approximately $80,000 per unit.

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