13202 Briar Forest Drive, Houston, TX 77077 A $4,500,000 mezzanine loan collateralized by the Lofts at Briar Forest, a 352 unit Class A luxury apartment complex located in the Energy Corridor of suburban Houston, Texas. The loan was acquired in March 2008 at a discount from a publicly traded investment advisor and provided for a current yield and profit participation upon sale of the property. The investment strategy was based on taking advantage of dislocations in the capital markets. The property sold in June 2010. Back To Portfolio   |  Next Property