Brian Dinerstein Of The Dinerstein Companies Acquires 893-Unit Multifamily And Student Housing Portfolio
1300 Harvey Mitchell Parkway South, 8066 Park Lane & 3222 East 1st Avenue
Building Size
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Asset Type
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Closing
May 29, 2026
AI
The Dinerstein Companies acquired three multifamily and student housing assets totaling 893 units, which include 543 conventional multifamily units and 1,128 student housing beds. The transactions took place in the markets of College Station and Dallas, Texas, as well as Denver, Colorado. Notably, the portfolio features a 350-unit student housing component in College Station and is set for repositioning through renovations and amenity upgrades.
Summary of transaction details:
- Property Type: Student Housing & Multifamily
- Transaction Amount: Not specified
- Address: 1300 Harvey Mitchell Parkway South, 8066 Park Lane & 3222 East 1st Avenue
- Buyer: Brian Dinerstein
- Buyer's Company: The Dinerstein Companies
- Units: 893
- Market: College Station & Dallas, TX; Denver, CO
- Asset Components: 543 multifamily units and 1,128 student housing beds
This acquisition marks a first-time entry for The Dinerstein Companies into the Dallas and Denver markets, with planned operational integration across the acquired assets in Texas and Colorado.
Market CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93