Updated Dec 12, 2024
Invesco Real Estate Income Trust Inc. Acquires Student Housing, Industrial, And Self Storage Assets For $165M
300 South Loop East Freeway, Houston, TX, USA
$165,000,000
Building Size
—
Asset Type
Industrial
Closing
Sep 27, 2021
About this deal
AI
The property involved in this closed transaction is located in Meridian Business Park at 300 South Loop East & 3061 George Busbee Pky. It encompasses three different assets: student housing, industrial space, and self storage. The property is situated in Aurora, IL, Houston, Texas, and Kennesaw, GA. The sale was completed on September 27, 2021, with a total sale price of $165,000,000.
Summary of transaction details
- Property Type: Student Housing, Industrial & Self Storage
- Sale Price: $165,000,000
- Market: Aurora, IL, Houston, TX & Kennesaw, GA
Invesco Real Estate Income Trust Inc. (INREIT) represented by R. Scott Dennis acted as the buyer in this transaction.
Images of the property can be viewed on Instagram.
Players
Houston Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.10%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93