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1010 South Heatherwilde Bou...

J. David Kelsey And Matthew A. Sharp Of Hamilton Point Investments Acquire 352-Unit Multifamily In Pflugerville For $75 Million
SOLDMultiFamily

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

Hamilton Point Investments LLC
Hamilton Point Investments LLCBuyer
CESM Real Estate
CESM Real EstateSeller

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