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1157 Bell Road, Antioch, Te...

Greystar Acquires 510-Unit Multifamily Property In Antioch, TN For $91.3M
SOLDMultiFamily

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

Bob Faith

Greystar

Buyer

$2.4B

vol

27 deals

Buyer

James Dondero

Highland Capital Management

Seller

$168M

vol

3 deals

Seller

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