Jason Wisotsky Of Four Corners Development Group Acquires 248 BTR Units In Slidell For $55.15M
SOLD
$40,629,000
Louisiana
See Similar DealsPackage Deal25,000 SF
Sold 09/29/2025
SOLD
Jason Wisotsky Of Four Corners Development Group Acquires 248 BTR Units In Slidell For $55.15M
5729 Sunset Boulevard
See Similar DealsPackage Deal25,000 SF
Sold 09/29/2025
Summary
LOUISIANA
Asset Type:Package Deal
Price Per Square Foot:$1,625
Total Square Footage:25,000 SF
Transaction Type:Sale
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.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,166,880.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$144,346.25
Cash-on-Cash Return-1.27%
Monthly Debt Service$192,602.19
Annual Debt Service$2,311,226.26
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