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5729 Sunset Boulevard

Jason Wisotsky Of Four Corners Development Group Acquires 248 BTR Units In Slidell For $55.15M
SOLDPackage Deal

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

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:

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

Nate Hyman

Polaris Funding

Broker

$490.8M

vol

15 deals

Broker
Polaris Funding
Polaris Funding Brokerage

Jason Wisotsky

Four Corners Development Group

Buyer

$144.3M

vol

11 deals

Buyer

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