The Michaels Organization Acquires Residential Portfolio In Indiana With Buyer's Rep Kunal Chothani
Indiana, United States
Units
831
Asset Type
Co-Op
Closing
Feb 28, 2022
About this deal
AI
The Michaels Organization, represented by Kunal Chothani, has acquired a residential portfolio in Indiana. The portfolio consists of 831 residential units.
Summary of transaction details
- Property Type: Residential
- Transaction Amount: Not specified
- Address: Not specified
- Market: Indiana
- Buyer: The Michaels Organization - Kunal Chothani
There is no additional information available regarding the specific details of the transaction.
Traded’s record for Indiana, United States in Tipton, Indiana covers a co op sale from 2022. Reported inventory is 831 units across 831 units. This page is the Tipton, Indiana file for the Indiana, United States co op sold: pricing, party profiles, and other closed co op comps from the same Tipton sit in the Market section below. Filter that Tipton co op set by closing date to see what else sold near Indiana, United States around 2022. Cite this The Michaels Organization Acquires Residential Portfolio In Indiana With Buyer's Rep Kunal Chothani sale when underwriting similar co op product around Tipton, Indiana.
Players
Tipton 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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93