Nathan Cloud Of Discover Multifamily And Danny Lovell Of The Rainier Companies Acquire Mixed-use Asset In Dallas
1001 Ross Avenue
Units
204
Asset Type
Mixed-use
Closing
Mar 19, 2025
About this deal
AI
The property involved in this transaction is a mixed-use asset located at 1001 Ross Avenue in the Dallas market. The building comprises a total of 204 units, representing a significant addition to the local real estate landscape.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: Not disclosed
- Address: 1001 Ross Avenue
- Market: Dallas
- Units: 204
- Buyer: Nathan Cloud - Discover Multifamily; Danny Lovell - The Rainier Companies
- Seller: Brian Murphy & Adam Schiller - Edge Realty Partners
Nathan Cloud, representing Discover Multifamily, and Danny Lovell, representing The Rainier Companies, are the buyers in this transaction. The sellers, Brian Murphy and Adam Schiller, are affiliated with Edge Realty Partners, indicating a professional collaboration in this deal.
On the Map
Mixed-use
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Players
Dallas Mixed-use Market Snapshot
Boundary boundary · Mixed-use · 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