Jason Wisotsky Of Four Corners Development Group Acquires Multifamily Asset From DH Horton For $36.02M
10415 Lancaster Frst Ln
$36,015,000
$125/SF
Building Size
286,962 SF
Asset Type
MultiFamily
Closing
Dec 22, 2025
AI
The property involved in this transaction is a multifamily asset located at 10415 Lancaster Frst Ln in Houston. The sale was finalized at a price of $36,015,000 and the total square footage of the property is 286,962, translating to a price per square foot of $125.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $36,015,000
- Address: 10415 Lancaster Frst Ln
- Market: Houston
- Square Footage: 286,962
- Price per Square Foot: $125
- Buyer: Jason Wisotsky - Four Corners Development Group
- Seller: DH Horton
- Broker: Nate Hyman - Polaris Funding
This transaction marks the third purchase by Four Corners Development from DH Horton within a six-month timeframe, with Polaris Funding facilitating the loan for these deals.
Players
Houston 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
0.44%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93