Updated Dec 21, 2023
GenCap Partners Acquires Development Site In Manor Crossing With David Castilla
Manor, Texas, United States
Units
586
Asset Type
Development Site
Closing
Sep 19, 2022
About this deal
AI
The Park at Manor Crossing, a development site located in Manor, was recently sold in a transaction that took place on September 20, 2022. The property covers an area of 26 acres and has a total of 586 units.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: Not specified
- Address: The Park at Manor Crossing, Manor
- Market: Manor
- Units: 586
- Acres: 26
GenCap Partners, represented by David Castilla, acquired The Park at Manor Crossing in this transaction.
Traded’s record for Manor, Texas, United States in Manor, Texas covers a development site sale from 2022. Reported inventory is 586 units across 586 units. This page is the Manor, Texas file for the Manor, Texas, United States development site sold: pricing, party profiles, and other closed development site comps from the same Manor sit in the Market section below. Filter that Manor development site set by closing date to see what else sold near Manor, Texas, United States around 2022. Cite this GenCap Partners Acquires Development Site In Manor Crossing With David Castilla sale when underwriting similar development site product around Manor, Texas.
Players
Manor Development Site Market Snapshot
Boundary boundary · Development Site · 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