Taylor Morrison Acquires Development Site In Tomball/Magnolia With Buyer's Representatives Tommy LeBlanc & John-Michael Kamel
Building Size
—
Asset Type
Development Site
Closing
Jul 21, 2025
AI
The asset involved in the transaction is a Development Site located in the Tomball/Magnolia market. The property was acquired by Taylor Morrison, indicating a strategic investment in a growing area. Specific financial details regarding the transaction amount are not provided.
Summary of transation details:
- Property Type: Development Site
- Transaction Amount: Not disclosed
- Buyer: Taylor Morrison
- Buyer's Representative: Tommy LeBlanc & John-Michael Kamel - MLB Commercial Real Estate
- Date of Transaction: 07/22/2025
- Market: Tomball/Magnolia
The transaction showcases the involvement of key industry professionals, Tommy LeBlanc and John-Michael Kamel, who represented the buyer, Taylor Morrison. Their role as representatives highlights their expertise in navigating the complexities of development site acquisitions within the real estate market.
Players
Hockley Development Site Market Snapshot
Boundary boundary · Development Site · 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