Rreef Property Trust Acquires 247-Unit Multifamily In Maitland From Aventon Cos For $95.4M
100 Boucle Jeanne Cir
$95,400,000
Building Size
—
Asset Type
MultiFamily
Closing
Dec 3, 2024
AI
The property asset involved in the transaction is the Aventon Gem Lake Apartments, located at 100 Boucle Jeanne Circle in Maitland, Florida. This multifamily asset comprises 247 units, with a transaction value of $95.4 million, equating to $386,235 per unit.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $95,400,000
- Units: 247
- Address: 100 Boucle Jeanne Circle
- Market: Maitland
- Price Per Unit: $386,235
- Buyer: Anne-Marie Vandenberg - Rreef Property Trust
- Seller: Thomas Keady - Aventon Cos.
- Brokers: Brian Moulder & Chris Chadbourne - Walker & Dunlop
The transaction was facilitated by brokers Brian Moulder and Chris Chadbourne from Walker & Dunlop. Rreef Property Trust, represented by Anne-Marie Vandenberg, successfully acquired the property from Aventon Cos., with Thomas Keady acting as the seller.
Players
Maitland MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.17%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93