Greystar Acquires 510-Unit Multifamily Property In Antioch, TN For $91.3M
1157 Bell Road, Antioch, Tennessee 37013, United States
$91,300,000
Building Size
—
Asset Type
MultiFamily
Closing
Nov 15, 2021
AI
The multifamily property located at 1157 Bell Road in Antioch, TN has been sold for a transaction price of $91,300,000. The property spans an area of 33.8 acres and consists of 510 units, with an average price per unit of $179,020. Greystar, represented by Bob Faith, acquired the property from Highland Capital Management, represented by James Dondero.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $91,300,000
- Address: 1157 Bell Road, Antioch, TN
- Market: Antioch, TN
- Acres: 33.8
- Buyer: Greystar - Bob Faith
- Seller: Highland Capital Management - James Dondero
- Units: 510
- Price Per Unit: $179,020
Bob Faith, representing Greystar, and James Dondero, representing Highland Capital Management, were the key individuals involved in the transaction. They played instrumental roles in facilitating the sale of the multifamily property at 1157 Bell Road in Antioch, TN, ensuring a successful deal for both parties.
Players
Antioch 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
0.17%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93