Oxland Group Acquires 1,860 Acres Of Land In Montgomery County From Regent Properties
Fm 1488 Texas 77382, Usa
Building Size
—
Asset Type
Land
Closing
Jul 20, 2023
About this deal
AI
Oxland Group has acquired 1,860 acres of land in Montgomery County, Texas, from Regent Properties. The land will be developed into a residential master-planned community, featuring approximately 4,000 homes. This development aims to address the growing demand for diverse housing options in the area. The property is located north of FM 1488 and west of Fish Creek, benefitting from improved infrastructure connections to nearby areas.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: Not mentioned in the CONTEXT
- Acres: 1,860
- Address: North of FM 1488, west of Fish Creek
- Market: Montgomery County
The buyer of the land is Oxland Group, represented by Tom Woliver. The seller is Regent Properties, with Hannah Soroudi as their representative in the deal.
Players
Texas Land Market Snapshot
Boundary boundary · Land · 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