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1000 Patriot Lane

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

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

1000 Patriot Lane

$21,800,000

Building Size

Asset Type

MultiFamily

Closing

Mar 27, 2025

AI

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

Matt Rosenthal

Eastham Capital

Seller

$75.9M

vol

5 deals

Seller

Crestview MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.73%

Cash-on-Cash

-0.21%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93