Tempus Realty Partners, an Arkansas-based real estate investment partnership, announced the $5.2 million sale of the last property in its Portfolio 1.
The 20,036-square-foot building in North Davidson, North Carolina, was acquired by Tempus in 2019 for $2.4 million and repurposed for office use. This was the fourth asset within the portfolio, and its sale brings the total of property dispositions to $21.6 million.
“It is always a matter of great satisfaction for us at Tempus to deliver outstanding outcomes for our investors,” Dan Andrews, CEO at Tempus Realty Partners. “The North Davidson project stands out as a particularly gratifying result. Not only have we achieved a great outcome for our investors, but we have also played a pivotal role in accelerating the rejuvenation of the North Davidson community.”