Blue Vista Capital Management Acquires Student Housing In Austin From Villas Student Housing
2111 Rio Grande Street, Austin, TX 78705, USA
Building Size
—
Asset Type
Mixed-use
Closing
Oct 7, 2021
AI
Blue Vista Capital Management has acquired a student housing property located at 2111 Rio Grande St in Austin. The property consists of 858 beds and is part of the vibrant student housing market in the area.
Summary of transaction details
- Property Type: Student Housing
- Transaction Amount: Not specified
- Date: 10/07/2021
- Address: 2111 Rio Grande St, Austin
- Market: Austin
- Asset Type: Student Housing
- Beds: 858
The buyer, Blue Vista Capital Management, made the acquisition, while the seller, Villas Student Housing, completed the transaction. TSB Realty served as the broker in the deal.
Austin Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
Loading comparables…
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