A LaeRoc Fund recently completed the sale of a property it had acquired just 2 years earlier, and sold the asset for a material capital gain on sale.
Online PR News – 22-November-2012 – New York – The Brunswig Square Office Building was held by LaeRoc Investments for about two years, and represented a $6 million gain at sale. This is a success story that came about due to the hard work of many people and the Fund was pleased with the results.
"The Brunswig Square Office Building, with its centralized location in Los Angeles and its historic landmark designation, was a good investment opportunity and turned out well.” Making a good purchase is only half of the battle, however, as the company also needed to determine the right time in which to sell the building.
"Many factors came to bear but together they allowed the Fund to buy the property at a reasonable price, hold it for short time and sell it at a substantial profit. We were so pleased that it found the right buyer."
The sale of the eight-level, multi-tenant office building, which was designed by A.C. Martin, goes down as a solid investment for the Fund that bought it.
"Not all investments go so well and certainly not in such short order, but we’re especially pleased that we've been able to do so well with this sale," says a LaeRoc spokesman. "We will continue to work hard in the future to do our best.”