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Houston, Texas, United States

Bridge Tower Properties Acquires Single Family Rental Portfolio In Houston
SOLD

Bridge Tower Properties Acquires Single Family Rental Portfolio In Houston

Houston, Texas, United States

Building Size

Asset Type

Closing

Dec 10, 2021

AI

A single family rental portfolio in Houston has been sold by iProperty Investments to Bridge Tower Properties. The portfolio consists of multiple single family homes, although specific details such as price, square footage, and address were not provided in the available information.

Summary of transaction details

  • Property Type: Single Family
  • Transaction Amount: Not disclosed
  • Market: Houston

Jim Humphries of Colliers represented the seller, iProperty Investments, in the transaction. However, there is no information available regarding the buyer's representative or any additional parties involved in the deal.

Players

Jim Humphries

JLL

Broker

5 deals

Broker
Pacific Coast Capital Partners (PCCP)
Pacific Coast Capital Partners (PCCP)Lender

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