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11500 Lago Vista East, Farm...

Lone Star Funds Acquires Multifamily Portfolio In Farmers Branch, DeSoto, Garland, Dallas & Mesquite
SOLDMultiFamily

Lone Star Funds Acquires Multifamily Portfolio In Farmers Branch, DeSoto, Garland, Dallas & Mesquite

11500 Lago Vista East, Farmers Branch, Texas 75234, United States

Units

1,290

Asset Type

MultiFamily

Closing

Sep 21, 2022

AI

The multifamily property located at 11500 Lago Vista East, 801 S. Polk St., 3401 Bobtown Rd., 8015 W. Camp Wisdom Rd., and 1540 N. Galloway Ave. in Farmers Branch, DeSoto, Garland, Dallas, and Mesquite was recently sold.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: Not specified
  • Units: 1,290

The buyer of the property was Lone Star Funds represented by André Collin. The sellers were Transcontinental Realty Investors and Macquarie Capital. The brokerage firm responsible for the deal was Eastdil Secured.

Players

Andre Collin

Lone Star Funds

Buyer

$127M

vol

3 deals

Buyer
TI
Transcontinental Realty InvestorsSeller
MC
Macquarie CapitalLender

Dallas 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