Investment Portfolio   Current Holdings  
  Current Offerings
Bronco Fund
  Current Holdings
Le Vendome
Columbia
Grand Peninsula Developement
Spring Creek
Pacific Heights
Nibras II Real Estate Fund
  Realized Investments
Albait UK Fund
Raphael
Transpoint
  Le Vendome  
  Three large office buildings located in the suburbs of Paris, France.  
 
Acquisition Date: May 2003
Annual Yield : 9%
Distribution: Quaterly
Expected IRR : In excess of 12%
Expected Holding Period: 5 Years
 
 

Le Vendome is located in Noisy-Le-Grand Business District, about 20 km east of Paris, with easy access by highway to Paris and its eastern Suburbs.

The asset is composed of three "U" shaped buildings. The buildings have two under ground parking units and 10 floors of office space. The property is totally stabilized, leased mainly to the French Government and other large institutions.