Updated Dec 4, 2024
Clarion Partners, LLC & Blackfin Real Estate Investors Acquire Multifamily Properties In North Carolina, Tennessee & Florida For $885.5M
North Carolina, United States
$885,500,000
Building Size
—
Asset Type
MultiFamily
Closing
Jun 1, 2022
About this deal
AI
The Southeastern Multifamily Properties, located in North Carolina, Tennessee, and Florida, was recently sold in a closed transaction. The multifamily property was sold for a total price of $885,500,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $885,500,000
- Buyer: Clarion Partners, LLC & Blackfin Real Estate Investors, LLC
- Seller: Carroll & PGIM Real Estate
- Broker: Eastdil Secured
Clarion Partners, LLC and Blackfin Real Estate Investors, LLC acted as the buyers in this transaction, while Carroll and PGIM Real Estate were the sellers. The deal was facilitated by the brokerage firm, Eastdil Secured.
Players
New Hill MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.02%
Cash-on-Cash
-0.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93