Updated Oct 28, 2024
Barry Sternlicht's Starwood Realty Trust Acquires 45 Single Family Homes & Townhouses In Hialeah & Pembroke Pines For $18.4M
Hialeah, FL, USA
$18,410,000
$52/SF
Building Size
350,000 SF
Asset Type
Industrial
Closing
Nov 15, 2021
About this deal
AI
Barry Sternlicht's Starwood Realty Trust and Tiber Capital Group, represented by Simon Frost and Alex Rodriguez, have purchased a portfolio of 45 single-family homes and townhouses in Hialeah and Pembroke Pines, South Florida. The properties were sold by Transcendent Investment Management. The sale price for this transaction was $18,410,000.
Summary of transaction details
- Property Type: 45 Single Family Homes & Townhouses
- Transaction Amount: $18,410,000
- Buyer: Barry Sternlicht - Starwood Realty Trust; Tiber Capital Group - Simon Frost & Alex Rodriguez
- Seller: Transcendent Investment Management
- Market: Hialeah & Pembroke Pines, South Florida
- Date: 11/15/2021
This acquisition was made possible by the active involvement of Barry Sternlicht, leading the Starwood Realty Trust, and Simon Frost and Alex Rodriguez from Tiber Capital Group. They successfully negotiated the purchase of the portfolio from Transcendent Investment Management, facilitating this significant real estate transaction.
Players
Hialeah Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.86%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93