Expat Beta REIT sold a Property in Bankya
Expat Beta REIT sold a plot zoned for development and construction in St. Stefan Residential Complex, town of Bankya.
The 822 sq.m property was purchased by the fund in June 2011. In this deal, the previous owner had a buy-back option for 3 years with a 20% annual yield for the REIT without capitalization. This option was exercised, and the fund realized a 40% capital gain for the whole holding period of this asset.