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
Crestview 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
0.73%
Cash-on-Cash
-0.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93