Cash Distribution - Sale of Megacenter Heights. Annual 22.6% IRR and 2.3X Equity Multiple

Megacenter Heights consisted of approximately 195,000sf located in Houston Texas, with frontage to Interstate 45. The project, acquired in 2016, was sold in 2020 to the Texas Department of transportation in an all cash transaction valued at $16.8 million. 

The transaction had a 4 year holding period with a remarkable annual 22.6% IRR  and 2.3X Equity Multiple.  

"Houston Equity Partners Management is delighted with the investment results. In a very challenging year for most industries, this exit reinforces our thesis of portfolio diversification to achieve attractive risk adjusted returns even during a challenging economic environment. The transaction will boost our Porftolio's performance and will trigger a cash distribution to our members before year end that will be announced to confidentially to our members based on each partners capital account."

---