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GreyHill Group Acquires Westminster Place Apartments In St. Louis For $38.2M
SOLD
$38,200,000
Missouri
See Similar DealsMultiFamily
Sold 01/06/2026
SOLD
GreyHill Group Acquires Westminster Place Apartments In St. Louis For $38.2M
4005 Westminster Place
See Similar DealsMultiFamily
Sold 01/06/2026
Summary
MISSOURI
Asset Type:MultiFamily
Transaction Type:Sale
The asset involved in the transaction is a multi-family property located at 4005 Westminster Place in St. Louis, MO. The sale price of the property was $38,200,000, which comprises 337 units. The property, built in the 1980s-90s, has achieved a 96% occupancy rate.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $38,200,000
- Units: 337
- Price Per Unit: $113,353
- Buyer: GreyHill Group
- Market: St. Louis, MO
- Date of Sale: 01/06/2026
Greyhill Group, the buyer, plans to undertake renovations on the Westminster Place Apartments and aims to hold the asset long-term. This acquisition marks Greyhill Group's expansion into its ninth state.
Players
BUYER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,037,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$135,716.54
Cash-on-Cash Return-1.27%
Monthly Debt Service$181,087.49
Annual Debt Service$2,173,049.86
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