Haven Realty Capital Acquires Residential Portfolio In McDonough, Lawrenceville, And Charlotte For $80M
150 John Wesley Way, McDonough, GA, USA
$80,000,000
Units
260
Asset Type
Co-Op
Closing
Jul 26, 2020
About this deal
AI
Three residential properties have recently been sold in McDonough, Lawrenceville, and Charlotte. The properties include 150 John Wesley Way, 1654 Mill Run Ct, and 4928 Old Pineville Rd. The sale was completed on July 26, 2021, for a total of $80,000,000. These properties consist of a total of 260 units.
Summary of transaction details:
- Property Type: Residential
- Transaction Amount: $80,000,000
- Units: 260
- Market: McDonough, Lawrenceville, GA, and Charlotte, NC
The buyer in this transaction was Haven Realty Capital, represented by Chris Turrito. The sale of these properties marks a significant investment in the residential market in these areas.
Players
McDonough Co-Op Market Snapshot
Boundary boundary · Co-Op · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.20%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93