01 December 2011, Property Observer
In October the fund added 22 rental properties to its portfolio at a cost of just under $4.66 million, taking its total holdings to 55 properties worth $11.18 million.
The new investments, all of which are sub-divided houses in Jersey City – just across from Manhattan – range in price from $120,000 to $354,000, with estimated yields ranging from 7.4% to 12%…