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11146 Vance Jackson Road, S...

Resource REIT, Inc. Acquires 316-Unit Multifamily Property In San Antonio From Orion Real Estate Partners
SOLDMultiFamily

Resource REIT, Inc. Acquires 316-Unit Multifamily Property In San Antonio From Orion Real Estate Partners

11146 Vance Jackson Road, San Antonio, Texas 78230, United States

Building Size

Asset Type

MultiFamily

Closing

Feb 8, 2022

AI

Resource REIT, Inc. has recently acquired a multifamily property in San Antonio. The property, located at 11146 Vance Jackson Rd., spans across 23 acres and consists of 316 units. The transaction took place on February 9, 2022.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: Not specified
  • Units: 316
  • Acres: 23
  • Market: San Antonio

Orion Real Estate Partners acted as the seller in this transaction. The deal was facilitated by the brokers Patton Jones and Matt Michelson of Newmark.

Players

Patton Jones

Newmark

Broker

49 deals

Broker
OP
Orion Real Estate PartnersSeller

San Antonio 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