PJ PORTFOLIO

The PJ multifamily portfolio consists of over 9,500 multifamily units located in major metropolitan areas throughout the high-growth Sunbelt region. More than 45% of units are located in Dallas, TX, with additional concentrations in Phoenix, AZ (19%), Atlanta, GA (8%), Houston, TX (8%), and Fort Lauderdale, FL (7%), Corpus Christi, TX (6%), Nashville, TN (5%), and Orlando, FL (3%). GAIA purchased the portfolio in a Chapter 11 bankruptcy sale in 2012 with Starwood Capital Group. The joint venture executed a value-add strategy on the dilapidated portfolio, investing tens of millions of dollars to stabilize each asset.