Richard Campo Of Camden Property Trust Acquires MultiFamily Asset In Leander For $67.7M
1101 Halsey Drive
$67,700,000
Building Size
—
Asset Type
MultiFamily
Closing
Mar 18, 2025
AI
The asset involved in the transaction is a MultiFamily property located at 1101 Halsey Drive in the Leander market. The property sold for $67,700,000.00 and comprises a total of 352 units.
Summary of transation details:
- Property Type: MultiFamily
- Transaction Amount: $67,700,000.00
- Buyer: Richard Campo - Camden Property Trust
- Seller: Taylor Stone - CESM Real Estate
- Units: 352
- Sale Date: 03/18/2025
Richard Campo represents Camden Property Trust in this transaction as the buyer, while Taylor Stone represents CESM Real Estate as the seller. The transaction reflects the engagement of well-established entities in the real estate sector.
Players
Leander 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
0.23%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93