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Multifamily Property In Orlando Sold For $151M With Buyers East Hill Capital Partners, The Bascom Group, And Leste Group And Seller Priderock Capital Management

Property Image
SOLD
$151,000,000
Danny Matz
Daniel (Dan) Morin
Dustin Stolly
+ 3

Florida

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MultiFamily533,458 SF
Sold 04/27/2022
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Property Image
SOLD

Multifamily Property In Orlando Sold For $151M With Buyers East Hill Capital Partners, The Bascom Group, And Leste Group And Seller Priderock Capital Management

8150 Chatham Manor Boulevard, Orlando, Florida 32821, United States

See Similar Deals
MultiFamily533,458 SF
Sold 04/27/2022
Danny Matz
Daniel (Dan) Morin
Dustin Stolly
+ 3
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$283
Total Square Footage:533,458 SF
Transaction Type:Sale

The multifamily property located at 8150 Chatham Manor Blvd in Orlando has been sold in a closed transaction. The property consists of 448 units, with a total square footage of 504,000. The sale price for this transaction was $151,000,000, resulting in a price per unit of $337,054 and a price per square foot of $300.

Summary of Transaction Details

  • Property Type: Multifamily
  • Transaction Amount: $151,000,000
  • Address: 8150 Chatham Manor Blvd, Orlando
  • Units: 448
  • Price per Unit: $337,054
  • Total Square Footage: 504,000
  • Price per Square Foot: $300

The buyers involved in this transaction include East Hill Capital Partners represented by Duff Bedrosian, The Bascom Group represented by Jerry Fink and Jim Singleton, and Leste Group represented by Josh Patinkin. The seller for this property was Priderock Capital Management, represented by David Khoury. The brokerage services for this deal were provided by Scott Ramey from Newmark.

Players

Dustin Stolly
Walker & Dunlop
Dustin Stolly
267 deals$49.4B volume
BROKER
Scott Ramey
Newmark
Scott Ramey
15 deals$1.3B volume
BROKER
Daniel (Dan) Morin
Newmark
Daniel Morin
11 deals$1.2B volume
BROKER
Danny Matz
Newmark
Danny Matz
28 deals$3.3B volume
BROKER
Jordan (Jordy) Roeschlaub
Newmark
Jordan Roeschlaub
324 deals$97.5B volume
BROKER
DK
David Khoury
3 deals$228.3M volume
SELLER
KKR
KKR
LENDER

Details

SOLD
IMAGE: Scott Ramey, Jerry Fink, Duff Bedrosian, Jim Singleton & Josh Patinkin DATE: 04/27/2022 ADDRESS: 8150 Chatham Manor Blvd MARKET: Orlando ASSET TYPE: Multifamily BUYER: East Hill Capital Partners - Duff Bedrosian (@DuffBedrosian); The Bascom Group - Jerry Fink & Jim Singleton; Leste Group - Josh Patinkin (@Tankdeez) SELLER: Priderock Capital Management - David Khoury BROKER: Scott Ramey - Newmark (@Newmark) SALE PRICE: $151,000,000 UNITS: 448 ~ PPU: $337,054 SF: 504,000 ~ PPSF: $300

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$8,053,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$536,471.12
Cash-on-Cash Return-1.27%
Monthly Debt Service$715,817.04
Annual Debt Service$8,589,804.44