The Mohegan Fund purchased the property on favorable terms given the building’s vacant state, and the Fund’s ability to close quickly in order to accommodate the seller’s desired timetable. Prior to the purchase, Mohegan Capital had been tracking the Parc Crest property for several months, recognizing the attractive business and tax environment in the Stafford sub-market which has generated strong commercial activity and a large influx of workers. The Fund’s strategic acquisition of The Parc Crest resulted in a strong sales price and added value for Mohegan Fund investors.