PHILADELPHIA--(BUSINESS WIRE)--Resource Real Estate Opportunity REIT II, Inc. (“Opportunity REIT II”), a non-traded real estate investment trust sponsored by Resource Real Estate, Inc. (“Resource Real Estate”), today announced that it is under contract to purchase an apartment community in the Denver, Colorado area.
The property is well-located and includes approximately 300 units. It aligns well with Opportunity REIT II’s investment strategy and offers potential for both interior and exterior enhancements and renovations.
About Resource Real Estate Opportunity REIT II
Resource Real Estate Opportunity REIT II, Inc. intends to acquire and operate a portfolio of multifamily real estate throughout the United States. Opportunity REIT II is sponsored by Resource Real Estate, a firm that specializes in direct real estate investments, commercial real estate lending and global real estate securities. Resource Real Estate is a wholly owned subsidiary of Resource America (NASDAQ: REXI).
All statements and information other than statements of historical fact included in this press release regarding strategy, future operations, financial position, estimated revenues, projected costs, prospects, plans and objectives of management are forward-looking statements. When used, the words "could," "believe," "anticipate," "intend," "estimate," "expect," "project" and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. You should not place undue influence on these forward-looking statements. Although we believe that our plans, intentions and expectations reflected in or suggested by the forward-looking statements we make are reasonable, we can give no assurance that these plans, intentions or expectations will be achieved because of the number of risks and uncertainties, many of which are beyond our control, including but not limited to uncertainties concerning the properties being operated and sold or refinanced, leverage and meeting debt service obligations, operating properties in different locations throughout the U.S., general, market or business conditions and changes in laws or regulations. These cautionary statements qualify all forward-looking statements attributable to us or persons acting on our behalf.