Acquisition Profile

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Premier at Spring Town Center

Houston, Texas
 

Asset – 396 class-A garden-style apartments
Total Development Budget – Approximately $46 million
Acquisition Date – Dec. 20, 2013
Market – Located in Spring, Texas, a suburb of Houston, this market has experienced unemployment rates below the national average since January 2012 1

CNL Growth Properties owns a 95 percent interest through a joint venture with MCRT Spring Town LLC. 

1 U.S. Department of Labor – Bureau of Labor Statistics. December 2013.

 

 

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