Updated Oct 9, 2026
Elmington Capital Group Acquires 300-Unit Multifamily Property In Manor For $43.5M
4818 Yager Lane, Manor, TX 78653
$43,500,000
$27,035/SF
Building Size
1,609 SF
Asset Type
MultiFamily
Closing
Aug 24, 2021
About this deal
AI
Elmington Capital Group, represented by Cary Rosenblum, has acquired a multifamily property located at 4818 Yager Ln in Manor. The property features a total of 300 units, making it a substantial investment opportunity.
Summary of Transaction Details
- Property Type: Multifamily
- Transaction Amount: $43,500,000
- Market: Manor
- Address: 4818 Yager Ln
- Units: 300
The loan for this transaction was provided by Barings, with Mike Freno representing the lender. The loan amount of $43,500,000 demonstrates the significant investment value of this multifamily property.
On the Map
$43,500,000
$27,035/SF
MultiFamily
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Players
Manor MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.36%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93