Trion Properties Acquires Multifamily Property In Dallas From Ambo Properties
1000 River Bend Drive
Building Size
412,645 SF
Asset Type
MultiFamily
Closing
Oct 13, 2023
AI
The multifamily property located at 1000 River Bend Dr in Dallas has been sold in a recent transaction. The property consists of 471 units with a total square footage of 412,645. The sale was completed by Trion Properties, Inc., marking their first acquisition in Texas. The transaction represents an important milestone for Trion Properties as they expand their portfolio into the Texas market. The seller of the property was Ambo Properties.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: Not specified
- Address: 1000 River Bend Dr, Dallas
- Market: Dallas
- Buyer: Trion Properties, Inc. - Mitch Paskover, Max Sharkansky, Farhan Mahmood, Oleg Enik & Nick Paskhover
- Seller: Ambo Properties
The transaction was facilitated by the brokers Coleton Burch and Rowan Burch from Rowan Multifamily Advisors. Their expertise and representation added value to the deal.
Players
Lancaster MultiFamily Market Snapshot
Boundary boundary · MultiFamily · 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