JLL Income Property Trust's CEO Allan Swaringen Acquires Multifamily Asset In Casselberry For $154M
SOLD
$154,000,000
Florida
See Similar DealsMultiFamily
Sold 04/21/2022
SOLD
JLL Income Property Trust's CEO Allan Swaringen Acquires Multifamily Asset In Casselberry For $154M
Casselberry, Florida, United States
See Similar DealsMultiFamily
Sold 04/21/2022
Summary
FLORIDA
Asset Type:MultiFamily
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$8,213,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$547,129.48
Cash-on-Cash Return-1.27%
Monthly Debt Service$730,038.57
Annual Debt Service$8,760,462.81
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