L5 Announces the Sale of its Odessa, TX Apartment Portfolio

Los Angeles, CA  (May 24, 2013) – L5 Real Estate Investments (“L5”), and its partners have recently sold 2 properties totaling 312 units in the Odessa, Texas market. Both properties were built in the early 1980’s, are sold Class ‘B’ communities and were each 100% leased at the time of sale.  

The Odessa TX market continues to boast occupancy of 98%+ and is well-known as a center for petroleum and natural gas output.  

L5 is looking to expand its investment portfolio in Texas and the Southeast.     

The deal was sourced through ARA Real Estate Investment Services of Dallas, whom L5 would like to thank.  

L5 Real Estate Investments continues to actively acquire multifamily opportunities in emerging U.S. markets.

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