Related Cos Acquires Madison Multifamily Property In Nashville For $40.2M
333 Rio Vista Drive
$40,200,000
Building Size
—
Asset Type
MultiFamily
Closing
Oct 3, 2023
AI
Global real estate firm Related Cos., known for its involvement in projects like Hudson Yards in New York City, has acquired a multifamily apartment complex in Madison, TN for $40.2 million. The property, located at 333 Rio Vista Drive, spans across 21 acres. The transaction took place on 10/03/2023.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $40,200,000
- Address: 333 Rio Vista Drive
- Market: Madison, TN
- Buyer: Jeff T. Blau - Related Cos
- Seller: Gregory Perlman - GHC Housing Partners
Jeff T. Blau, a representative of Related Cos., was the buyer in this transaction. Gregory Perlman, a representative of GHC Housing Partners, was the seller. This acquisition adds to Related Cos.'s diverse portfolio and further showcases their presence in the real estate market.
Players
Rio Vista 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
0.39%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93