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HHHunt Acquires Multifamily Properties In Decatur, GA For $258M

Property Image
SOLD
$258,000,000
William Shippen
Vic Ciancetta
John Weber
+ 2

Georgia

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MultiFamily
Sold 10/28/2022
the dealplayerscompscontact
Property Image
SOLD

HHHunt Acquires Multifamily Properties In Decatur, GA For $258M

2550 Blackmon Drive, Decatur, Georgia 30033, United States

See Similar Deals
MultiFamily
Sold 10/28/2022
William Shippen
Vic Ciancetta
John Weber
+ 2
the dealplayerscompscontact
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Summary

GEORGIA
Asset Type:MultiFamily
Transaction Type:Sale

The multifamily property located at 2550 Blackmon Dr & 2532 N Decatur Rd in Decatur, GA has been sold in a transaction. The property has been acquired by HHHunt from the seller Northwood Ravin.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $258,000,000
  • Market: Decatur, GA

The deal was facilitated by brokers Matthew Lawton, Vic Ciancetta, John Weber, Bill Shippen, Amalia Londono & Nick Brown from JLL.

Players

Matthew Lawton
JLL
Matthew Lawton
13 deals$1.5B volume
BROKER
Vic Ciancetta
JLL
Vic Ciancetta
1 deal$258M volume
BROKER
John Weber
JLL
John Weber
3 deals$351.8M volume
BROKER
William Shippen
JLL
William Shippen
1 deal$258M volume
BROKER
Amalia Londono
JLL
Amalia Londono
1 deal$258M volume
BROKER
HHHunt Corporation
HHHunt Corporation
BUYER
Northwood Ravin
Northwood Ravin
SELLER

Details

SOLD
IMAGE: Matthew Lawton, John Weber, Vic Ciancetta, Bill Shippen, Amalia Londono & Nick Brown DATE: 10/28/2022 ADDRESS: 2550 Blackmon Dr & 2532 N Decatur Rd MARKET: Decatur, GA ASSET TYPE: Multifamily BUYER: HHHunt SELLER: Northwood Ravin BROKERS: Matthew Lawton, Vic Ciancetta, John Weber, Bill Shippen, Amalia Londono & Nick Brown - JLL SALE PRICE: $258,000,000

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

$13,759,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$916,619.51
Cash-on-Cash Return-1.27%
Monthly Debt Service$1,223,051.63
Annual Debt Service$14,676,619.51