J. David Kelsey And Matthew A. Sharp Of Hamilton Point Investments Acquire 352-Unit Multifamily In Pflugerville For $75 Million
1010 South Heatherwilde Boulevard
Building Size
—
Asset Type
MultiFamily
Closing
Jan 21, 2026
AI
Emerson at Wells Branch is a 352-unit multifamily apartment complex located at 1010 South Heatherwilde Boulevard in Pflugerville, TX. The property was sold with a transaction amount of $75 million as part of a loan arrangement from KeyBank.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $75 million
- Units: 352
- Address: 1010 South Heatherwilde Boulevard
- Market: Pflugerville
- Buyer: J. David Kelsey & Matthew A. Sharp - Hamilton Point Investments
- Seller: Taylor Stone - CESM Real Estate
Hamilton Point Investments is expanding its Texas property portfolio with this acquisition, having recently purchased another property, The Beacon at Pfluger Farm. The buyer's representatives in this transaction are J. David Kelsey and Matthew A. Sharp.
Players
Pflugerville 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