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The Heights at Lake Forest
Associated Companies


Project Company
Worthing Lake Forest LLC

Shareholder
30% Adler US Real Estate GmbH
40% Worthing Lake Forest Investors LLC
30% private Investors

Year of Acquisition
2008

Location
‚The Heights at Lake Forest‘ in McKinney, Texas, is located 30 miles north of Dallas/USA

Type of Object
High class Apartments

Property Size
66,000 sqm

Project Planning
334 high class apartments with an average per unit size of 1,111 sqft, as well as a clubhouse with a well-appointed clubroom, kitchen and cyber-café, billiards and larger-screen televisions, fitness room, conference room and an adjoining swimming pool.

All required building permits and approvals have been received from the state and local authorities with construction beginning in November 2008.

Investment Strategy
To built, lease and operate the property. Sale foreseen after complete occupancy in 2011/2012


  CONTACT  
      CAREER  
NEWS
share price
0,552 € (09.09.2010)
...................................................................

27/04/2010
ADLER Real Estate AG:
Announcement according to articles 37v,
37w, 37x ff WpHG
[more]

26/03/2010
ADLER Real Estate AG well positioned for 2010
[more]

01/12/2009
ADLER Real Estate AG Sells Property in Saarbrücken
[more]

13/11/2009
ADLER Real Estate AG: Extraordinary Expenses Continue to Weigh Down Earnings
[more]

13/11/2009
Interim announcement of the group within the 2nd half-year
[more]

28/08/2009
Strategic reorientation
[more]

14/08/2009
ADLER Real Estate AG expects to break even
[more]

15/05/2009
ADLER Real Estate AG Reports Slight Growth in Sales
[more]