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DeSanto Passes $100M Milestone

RADNOR, PA-The company has raised $108 million in equity through its TIC properties. The equity comes from 225 investors.

By Brianne Harrison | Updated on August 13, 2008

[IMGCAP(1)]RADNOR, PA-Locally based DeSanto Realty Group has passed the $100-million mark, raising $108 million in equity through its tenant in common properties. The equity comes from 225 investors, each of whom owns an undivided fractional interest in DRG’s TIC properties.

DSG has closed on eight TIC properties since its inception in 2005, seven of which were closed on in the past 18 months. The properties are Crums Mill, a 123,0000-sf office building in Harrisburg, PA; Northwoods Crossing, a 153,000-sf office building in Harrisburg; Fox Chase Apartments, a 304-unit multifamily property in Holland, OH; Cypress Medical Center, a 75,000-sf surgical/medical center in Wichita, KS; Perry’s Crossing, a 296-unit multifamily property in Perrysburg, OH; Clearview Apartments, a 376-unit multifamily community in Holland, MI; Arbors on Main, a 364-unit multifamily community in Hendersonville, TN; and DRG Pennbrook, a 455,000-sf office building in Lansdale, PA.

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