Cypress Parc, a 200-unit class-B apartment community in Houston located near the Bridges of Cypress Creek. The property was acquired following the bankruptcy of the prior owner and foreclosure. After many years of neglect, a substantial renovation is complete that included new roofs, enhanced landschttps:ng, new HVAC, new site amenities, upgraded interiors, new fitness/business centers, new signage, and upgraded clubhouse. The renovations, large units and low density have all contributed to the successful repositioning of this community, substantially increased rents, and occupancy over 95%. The asset was sold in September 2014, a prior refinance had returned 40% of investor equity.