Updated Sep 5, 2024
Newmark Brokers Secure $122.15M Acquisition Loan For Chatham Square Apartments In Orlando
8150 Chatham Manor Boulevard
$122,150,000
$229/SF
Building Size
533,458 SF
Asset Type
MultiFamily
Closing
Apr 17, 2023
About this deal
AI
The Chatham Square Apartments have been sold in a recent transaction in Orlando. The multifamily property, located at 8150 Chatham Manor Boulevard, consists of 448 units and spans a total of 533,458 square feet.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $122,150,000
- Address: 8150 Chatham Manor Boulevard
- Market: Orlando
- Units: 448
- Square Feet: 533,458
The loan for this acquisition was provided by KKR. The landlords involved in the deal include The Bascom Group represented by Jerry Fink and Jim Singleton, East Hill Capital Partners represented by Duff Bedrosian, and Leste Group represented by Josh Patinkin.
The brokers involved in the transaction were Jordan Roeschlaub, Dustin Stolly, Danny Matz, and Dan Morin from Newmark.
On the Map
$122,150,000
$229/SF
MultiFamily
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Players
Orlando MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.13%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93