facebook

traded

+ Submit
Home

/

Deals

/

Florida

/

Multifamily

/

Sale

/

Casselberry, Florida, Unite...

JLL Income Property Trust's CEO Allan Swaringen Acquires Multifamily Asset In Casselberry For $154M
SOLDMultiFamily

JLL Income Property Trust's CEO Allan Swaringen Acquires Multifamily Asset In Casselberry For $154M

Casselberry, Florida, United States

$154,000,000

Building Size

Asset Type

MultiFamily

Closing

Apr 20, 2022

AI

Allan Swaringen, President and Chief Executive Officer of JLL Income Property Trust, has acquired a multifamily property in Casselberry. The transaction closed on 04/21/2022, with a sale price of $154,000,000. The asset consists of 384 units, resulting in a price per unit (PPU) of $401,042.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $154,000,000
  • Units: 384
  • Price per Unit (PPU): $401,042

Allan Swaringen, as the President and Chief Executive Officer of JLL Income Property Trust, played a key role in this acquisition.

Players

Allan Swaringen

JLL

Buyer

$934.9M

vol

14 deals

Buyer

Casselberry 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

0.10%

Cash-on-Cash

-0.03%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93