Sales of units have been somewhat sluggish – pre-sales of Phase II units have been stuck at 10% since May, and 17 units in Phase I have closed in the last three months. However, the REIT reports it has closed on the sale of 1.2 acres next to the Phase II site for $2.9 million for a parking garage. And Heartland Properties has 4 acres of air rights over Union Pacific railroad tracks to a developer for $2 million.
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