facebook
Traded Co logo
Submit
Daily limit: 0/10

REI Capital Acquires Crestview Multifamily Asset For $21.8 Million From Matt Rosenthal And Stratford Management

Property Image
SOLD
$21,800,000

Florida

See Similar Deals
MultiFamily
Sold 03/27/2025
the dealplayerscompscontact
Property Image
SOLD

REI Capital Acquires Crestview Multifamily Asset For $21.8 Million From Matt Rosenthal And Stratford Management

1000 Patriot Lane

See Similar Deals
MultiFamily
Sold 03/27/2025
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:MultiFamily
Transaction Type:Sale

The asset involved in the transaction is a MultiFamily property located at 1000 Patriot Lane in Crestview. The property comprises 150 units and was transacted for a price of $21,800,000.00.

Summary of transaction details:

  • Property Type: MultiFamily
  • Transaction Amount: $21,800,000.00
  • Address: 1000 Patriot Lane
  • Market: Crestview
  • Units: 150
  • Buyer: REI Capital
  • Seller: Matt Rosenthal - Eastham Capital; Stratford Management

The transaction features key participants including the buyer, REI Capital, and the sellers, Matt Rosenthal representing Eastham Capital and Stratford Management. Their involvement highlights the various parties engaged in this real estate investment deal.

Players

MR
Matt Rosenthal
5 deals$75.9M volume
SELLER
MR
Matt Rosenthal
5 deals$75.9M volume
SELLER

Details

SOLD
IMAGE: Matt Rosenthal DATE: 03/27/2025 ADDRESS: 1000 Patriot Lane MARKET: Crestview ASSET TYPE: Multifamily BUYER: REI Capital SELLER: Matt Rosenthal (@Rosenthal.Matt) - Eastham Capital; Stratford Management SALE PRICE: $21,800,000 UNITS: 150 ~ PPU: $145,333 NOTE: Eastham Capital and Stratford Management sold the 150-unit Pinnacle Pointe Apartments in Crestview, Fla., to REI Capital for $21.8 million after acquiring it for $14.9 million in 2019. The 2010-built property, which underwent significant renovations and saw a 29.9% revenue growth under their ownership, features one- to three-bedroom units and amenities like a pool, fitness center, and dog park.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,162,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$77,450.79
Cash-on-Cash Return-1.27%
Monthly Debt Service$103,343.12
Annual Debt Service$1,240,117.46