In partnership with local partner Integra Land Company (ILC) a project from the portfolio in Tennessee, USA has been sold. After a challenging construction phase, a sales contract was signed in the second quarter of this year to purchase this development. The realized gross total return for the investors is 121% (approx. 24.1% per year). REALIANCE managed the project with local partner Integra Land Company (ILC), which developer has clearly proven itself during the construction phase in solving the constant problems.