I am pleased to announce L5 Investments’ latest news.  We are entering escrow to purchase a 96% occupied, 232 unit apartment community (The Woodlands) in Odessa, TX.  The property, built in 1982, is in excellent condition and has a great track record of occupancy and cash flows. 


Odessa, TX has been ranked the #1 Small City for Jobs by Forbes for the past 2 years, has added 900 jobs from January to May 2010, and expects see an additional 1,200 – 2,500 jobs upon commencement of Summit Power’s $1.73 billion Clean Energy Power Plant in December 2010.


As always, please do not hesitate to contact me directly if you have any questions or comments.  www.LfiveInvestments.com

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