Bridge Tower Properties Acquires Single Family Rental Portfolio In Houston
Houston, Texas, United States
Building Size
—
Asset Type
—
Closing
Dec 10, 2021
About this deal
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.
On the Map
Players
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