LITTLE ROCK, AR (December 23, 2023) – Tempus Realty Partners, an Arkansas-based real estate investment partnership, is pleased to announce the disposition of the last property in Portfolio 1 for $5.2M. The sale completes all dispositions in Tempus’ Portfolio 1, totaling $21.6M.
The 20,036 SF building is in North Davidson, NC and has been repurposed for office use. The property was acquired by Tempus in 2019 for $2.4M and placed into Portfolio 1, alongside three other properties. The four properties are in North Carolina, South Carolina and Tennessee.
“It is always a matter of great satisfaction for us at Tempus to deliver outstanding outcomes for our investors,” Dan Andrews, Tempus Realty Partners CEO, said. “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.”
Portfolio 1 is the second Tempus portfolio to have sold all properties. Since 2016, Tempus has curated seven portfolios consisting of industrial and office buildings.