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1015 South Shepherd Drive, ...

Blue Moon Capital Partners Acquires Seniors Housing Property In Houston
SOLD

Blue Moon Capital Partners Acquires Seniors Housing Property In Houston

1015 South Shepherd Drive, Houston, Texas 77019, United States

Building Size

Asset Type

Closing

Jan 23, 2023

AI

The seniors housing property located at 1015 S Shepherd Dr in Houston has been sold in a recent transaction. The deal was closed on January 23, 2023.

Summary of transaction details

  • Property Type: Seniors Housing
  • Transaction Amount: Not specified
  • Address: 1015 S Shepherd Dr, Houston
  • Market: Houston

The buyer of the property was Blue Moon Capital Partners, while the seller comprised of Harrison Street and Bridgewood Property Co. The deal was facilitated by CBRE, with John Sweeny, Aron Will, Garrett Sacco, and Scott Bray serving as the brokers representing the parties involved.

Players

Aron Will

CBRE

Broker

$398.7M

vol

15 deals

Broker

Harrison Street

Seller

$604.1M

vol

11 deals

Seller

Houston CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93