Peter Tsoulogiannis Of Slate Asset Management Acquires Multifamily Portfolio From Zamir Kazi For $226.5M
$226,500,000
Building Size
—
Asset Type
MultiFamily
Closing
Jul 8, 2025
AI
The transaction involves a multifamily portfolio valued at $226,500,000, consisting of 1,600 units across multiple markets including Tampa, FL; Atlanta, GA; and Phoenix, AZ. The deal reflects a price per unit of $141,563, with the portfolio offering below-market rents and potential for value-add enhancements.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $226,500,000
- Buyer: Peter Tsoulogiannis - Slate Asset Management
- Seller: Zamir Kazi - ZMR Capital
- Units: 1,600
Peter Tsoulogiannis represents Slate Asset Management in acquiring the portfolio, while Zamir Kazi represents ZMR Capital, which will remain as the operating partner following the transaction. The deal is expected to close by the end of the month.
Players
Market MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.07%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93