Updated Nov 7, 2025
Jason Wisotsky Of Four Corners Development Group Acquires 248 BTR Units In Slidell For $55.15M
5729 Sunset Boulevard
$40,629,000
$1,625/SF
Building Size
25,000 SF
Asset Type
Package Deal
Closing
Sep 28, 2025
About this deal
AI
The transaction involves a package deal consisting of 248 build-to-rent units located at 5729 Sunset Boulevard Portfolio in Slidell, LA. The sale price for the asset amounts to $55,152,000.
Summary of transaction details:
- Property Type: Package Deal
- Transaction Amount: 55,152,000
- Buyer: Jason Wisotsky - Four Corners Development Group
- Seller: DH Horton
- Broker: Nate Hyman - Polaris Funding
Jason Wisotsky represents Four Corners Development Group as the buyer, while Nate Hyman represents Polaris Funding in the successful negotiation of this real estate transaction.
On the Map
$40,629,000
$1,625/SF
Package Deal
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Players
Slidell Package Deal Market Snapshot
Boundary boundary · Package Deal · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.39%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93