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
Casselberry 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
0.10%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93