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333 Rio Vista Drive

Related Cos Acquires Madison Multifamily Property In Nashville For $40.2M
SOLDMultiFamily

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

Jeff Blau

Related Companies

Broker

$18B

vol

26 deals

Broker
Jeff Blau

Jeff Blau

Related Companies

Buyer

$18B

vol

26 deals

Buyer
Related Companies
Related CompaniesBuyer

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