facebook
Traded Co logo
Submit

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

Property Image
SOLD
$91,300,000

Tennessee

See Similar Deals
MultiFamily
Sold 11/16/2021
the dealplayerscompscontact
Property Image
SOLD

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

1157 Bell Road, Antioch, Tennessee 37013, United States

See Similar Deals
MultiFamily
Sold 11/16/2021
Contact now

Summary

TENNESSEE
Asset Type:MultiFamily
Transaction Type:Sale

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
27 deals$2.4B volume
BUYER

Details

SOLD
IMAGE: Bob Faith & James Dondero DATE: 11/16/2021 ADDRESS: 1157 Bell Road MARKET: Antioch, TN ASSET TYPE: Multifamily ~ ACRES: 33.8 BUYER: Greystar - Bob Faith SELLER: Highland Capital Management - James Dondero SALE PRICE: $91,300,000 UNITS: 510 ~ PPU: $179,020

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$4,869,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$324,369.63
Cash-on-Cash Return-1.27%
Monthly Debt Service$432,808.58
Annual Debt Service$5,193,702.95