Prescott buys Gulf Coast portfolio.Prescott Capital Management, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , announced the acquisition of a nine property, Class A multi-family rental portfolio located across the Gulf Coast region in Texas and Louisiana Louisiana (ləwē'zēăn`ə, l  ē'–), state in the S central United States. It is bounded by Mississippi, with the Mississippi R. for $110 million or $71,000 per unit. A New York-based real estate merchant banking firm that undertakes property investment, asset management and investment banking activities, Prescott is acquiring the assets in partnership with an operating partner active in the multi-family sector, the Chicago and El Paso-based TVO TVO tractor vaporizing oil. Realty realty n. a short form of "real estate." (See: real estate) REALTY. An abstract of real, as distinguished from personalty. Realty relates to lands and tenements, rents or other hereditaments. Vide Real Property. Partners. The sellers of the portfolio are affiliates of Houston-based Gross Investments. The portfolio consists of 1,550 units and includes four parcels of land adjacent to four of the properties totaling 27.7 total acres, which are capable of accommodating an additional 412 multi-family units. |
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