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JARG Fund II, L.P. Realizes 20% Annualized IRR on Sale of Land
Wednesday, October 29, 2008
October 29, 2008 – Dallas, Texas. JARG Fund II, L.P. announced the sale of its New Braunfels, Texas land to a restaurant developer for a 20% annualized IRR. The Fund invested in this asset in December of 2006. Proceeds from the sale of the land will be distributed to all investors in November 2008. JARG Fund II, L.P. will remain open to new investors for the foreseeable future.
"I am very pleased for our investors. The return we were able to achieve exceeded my expectations given the current economic climate. I think this result shows that returns can be achieved no matter what obstacles come your way.”
-A. Christopher Slauer – Managing General Partner, J Alexander Realty Group, Ltd.
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