Updated Mar 6, 2025
IRT Acquires Autumn Breeze Multifamily Community In Noblesville From Lightstone Group For $59.5M
14901 Beauty Berry Lane
$59,500,000
Units
280
Asset Type
MultiFamily
Closing
Mar 6, 2025
About this deal
AI
The transaction involved a multifamily asset located at 14901 Beauty Berry Lane in Noblesville, IN. The property was sold for $59,500,000, comprising 280 units, resulting in a price per unit of $212,500.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $59,500,000
- Units: 280
- Price Per Unit: $212,500
- Buyer: IRT
- Seller: Lightstone Group
- Brokers: Cameron Benz, Clair Hassfurther, George Tikijian, Hannah Ott, Ryan Stockamp & Sean Pingel - CBRE
The brokerage firm CBRE facilitated the transaction, with Hannah Ott and George Tikijian representing the seller, Lightstone Group, in this sale to buyer IRT.
On the Map
$59,500,000
MultiFamily
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Players
Noblesville 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
0.27%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93