Fund II surpasses 1,500,000 SF

Primerica HQ acquisition

Fund I realized a net IRR of 18.8%
Jan 2015: Republic Fund II now owns more than 1.5 million SF of real estate in Texas, Georgia and Arizona, including 1,500+ apartment units

Fund II generates a 20.1% net IRR

Dec 2014: Republic Fund II ended 2014 with a net asset value of $130 per $100 par value, generating a 20.1% net IRR to-date (or 31.3% in Canadian Dollars)
May 2014: Republic Fund II acquired the Primerica (Citigroup) Building in Metro Atlanta and renamed the 190,000 SF vacant complex the Sunrise Center

Royal Lane acquisition

Apr 2014: Republic Fund II acquired Royal Lane Apartments, a 172-unit apartment community in Dallas, Texas and will reposition the property
Mar 2014: Republic Fund I divested 46 houses in Georgia, realizing a final net IRR of 18.8% (or 23.1% in Canadian Dollars) with zero financial leverage

Basswood secures 93% LTC loan

Jan 2014: Basswood receives $8,100,000 of CMBS loan proceeds from the Royal Bank of Scotland, equal to 93% of Fund II's 2013 cash purchase price