Wilshire Holdings Announces $17.1M Acquisition

Los Angeles, California, 2007 – Carlos Vigon, President of Wilshire Holdings, LLC, is pleased to announce the acquisition of The Fairway Apartments at The Links in Raleigh, North Carolina on behalf of the Tenant in Common owners.

The Fairway Apartments at The Links is a 192-unit luxury apartment community located in Raleigh, North Carolina. The Fairway Apartment community is a 30 acre site surrounded by a pristine golf course located within minutes from the acclaimed Research Triangle Park. The property was completed in 2003 and consists of 1-bedroom, 2-bedroom and 3-bedroom units. The Fairway offers a variety of amenities including: a 7,000 square foot club house with a year-round indoor pool, resort-style outdoor pool, fitness center, business center, video and book library, putting green, piano bar, tennis and volleyball courts, and two fishing ponds with fountains.

The Wilshire Holdings Investment Team was led Eric Jaffe, Executive Vice President and Principal. Financing was provided by Greg Gillam of Prudential Mortgage Capital.

Wilshire Holdings sponsors a growing portfolio of commercial property, with a market value approaching $100 Million. Wilshire Holdings is currently seeking institutional-grade properties throughout the United States.

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