Mr. Price has long been active as a real estate investor, concentrating his activities in Texas, especially Houston. He has sponsored numerous investment partnerships specializing in non-anchored retail centers and office buildings. The portfolio is "performing" – meaning that occupancies are in the 80s or 90s and these assets are distributing meaningful cash flow returns.
Recently, working in conjunction with long-time partner Vista Equities Group of Houston, First Keystone has engaged in new offerings of new projects. They are centered in Texas, although Arkansas is also under active study.
Substantial exits have occurred reducing the portfolio by half. Details of these exits are shown in the table below.
| Property Name | Original Investment | Years | Exit Multiplier |
|---|---|---|---|
| Plazas at Woodwind Lakes | $151,000 | 6 | 1.07x |
| Plazas at Lakewood Forest | $ 33,750 | 4 | 3.15x |
| Plazas at Veteran's Memorial | $ 76,261 | 5 | 4.03x |
| Plazas at Grand Parkway | $ 23,400 | 2 | 1.95x |
| Dairy-Ashford Village | $ 17,355 | 9 | 3.58x |
| Westgreen @ I-10 Parcel | $151,397 | 6 | 2.4x |
For a description of these activities, including more detail on performance and exit values, see Background & Performance