Vesper Holdings & Fortress Investment Group Acquire Student Housing In Denton For $Undisclosed Amount
1541 Meadow Street, Denton, Texas 76205, United States
Building Size
196,937 SF
Asset Type
—
Closing
Feb 27, 2022
About this deal
AI
A student housing property located at 1541 Meadow St in Denton has been sold. The transaction took place on February 28, 2022. The property consists of 192 units and a total of 564 beds, making it an attractive investment in the student housing market.
Summary of transaction details:
- Property Type: Student Housing
- Transaction Amount: Not specified
- Address: 1541 Meadow St
- Market: Denton
- Number of Units: 192
- Total Beds: 564
The buyer of this student housing property is Vesper Holdings, represented by Isaac J. Sitt. Additionally, Fortress Investment Group LLC, represented by Peter L. Briger, is also involved in the transaction. The exact transaction amount was not disclosed in the provided information.
Players
Denton CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Deal FAQ
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