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1300 Harvey Mitchell Parkwa...

Brian Dinerstein Of The Dinerstein Companies Acquires 893-Unit Multifamily And Student Housing Portfolio
SOLD

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

Asset Type

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.

Players

Brian Dinerstein

The Dinerstein Companies

Buyer

$111M

vol

5 deals

Buyer

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