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1000 River Bend Drive

Trion Properties Acquires Multifamily Property In Dallas From Ambo Properties
SOLDMultiFamily

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

Rowan Burch

Rowan Multifamily Advisors

Broker

4 deals

Broker

Lancaster MultiFamily Market Snapshot

Boundary boundary · MultiFamily · 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