The complex was originally owned by a large bank, and sold to an Atlanta-based partnership with the goal of maximizing the ROI for the partners within a relatively short time period. GRP immediately established a two-tier pricing strategy to initially sell the condo units to existing renters at a discount, and then to attract new buyers after first establishing a sales momentum.

GRP first had to solve the numerous maintenance and warranty issues that plagued the property prior to its involvement, as well as establish a market acceptance for the product. Approximately one third of the units were sold to renters, and the balance were sold to new buyers.

The office building also suffered from construction defects and deferred maintenance similar to that which plagued the condominium units. Shortly after resolving these issues, the entire building was leased and eventually sold at a 200% gain for the partners ... all in one and one-half years.