ACRON Harvard Garden L.P.

Office Building – Tulsa, Oklahoma

Harvard Garden is an attractive, two-story office building in a very good location in Tulsa, Oklahoma. Despite the global economic crisis the property was successfully and lucratively sold after a 11-year holding period in fall 2009. The selling price totalled USD 2 million and in relation to their invested equity, the investors of ACRON Harvard Garden L.P. received an average return of 8.48 percent annually after deduction of all expenses over a 11-year holding period.

Private Placement

Legal form	U.S. Limited Partnership
Year acquired	1998
Year sold	2009
Number of partners	1

The Property

Type of use	Office building
Year constructed	1982

Key Figures (in USD)

Investment volume, gross1)	1,760,500
Equity	510,500
Borrowed funds	1,250,000
Selling price, net	2,047,445

Overall Result

Holding period	11 years
Return, IRR	8.48 % annually

¹⁾ Includes purchase price, additional costs, cash reserves (if any), and all soft costs.