Acquisition Profile

Artist rendering of proposed development
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Aura on Broadway

Tempe, Arizona

Asset –  194 class-A garden-style apartments
Total Development Budget – Approximately $29.5 million
Acquisition Date – December 12, 2014
Market - Located within approximately one mile from the center of Arizona State University.

CNL Growth Properties owns a 90 percent interest through a joint venture with PBB - TRG Broadway, L.P. The joint venture partner is an affiliate of Trinsic Residential Group LP.

 

 

 

Notice: CNL Growth Properties closed to new investors on April 11, 2014.

CNL Growth Properties is sponsored by CNL Financial Group, LLC, and is advised by an affiliate of CNL.

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There are important risks associated with an investment in Global Growth Trust. To view a summary of these risks, as outlined in the prospectus, click here. This material must be read in conjunction with our prospectus in order to fully understand the implications and risks involved in this offering. To read a copy of the prospectus, click here.
Prospectus Risk Factors
Annual Report on Form 10-K