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
Dallas 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