In June 2010, TDG acquired two notes secured by the property which had been in default since October 2009. After completing the foreclosure process, TDG acquired Regency Pointe.
The Donaldson Group managed a $16.6mm renovation, consisting of curb appeal upgrades including new signage, extensive re- landscaping, amenity enhancements including a new community center with fitness, business and youth activities center, newly
remodeled leasing center, new playgrounds and laundry facilities; and infrastructure improvements including building façade and entryway upgrades, renovated stairwells and hallways, lighting upgrades, and new roofs and plumbing line enhancements, along with interior renovations to 1/3rd of the apartments.
