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
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