Updated Oct 28, 2024
Tides Equities Acquires 432-Unit Multifamily Property In Dallas From The ValCap Group
11515 Leisure Drive, Dallas, Texas 75243, United States
Units
432
Asset Type
MultiFamily
Closing
Sep 7, 2022
About this deal
AI
A multifamily property in Dallas has been sold for an undisclosed amount. The property, located at 11515 Leisure Dr., consists of 432 units. The transaction took place on September 8, 2022.
Summary of Transaction Details:
- Property Type: Multifamily
- Transaction Amount: Not disclosed
- Units: 432
- Market: Dallas
The buyer of the property is Tides Equities, while The ValCap Group acted as the seller. The sale was facilitated by Taylor Hill from Institutional Property Advisors.
Traded’s record for 11515 Leisure Drive, Dallas, Texas 75243, United States in Dallas, Texas covers a multifamily sale from 2022. Reported inventory is 432 units across 432 units. Taylor Hill, Institutional Property Advisors appear on the sale alongside Institutional Property Advisors. This page is the Dallas, Texas file for the 11515 Leisure Drive, Dallas, Texas 75243, United States multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Dallas sit in the Market section below. Filter that Dallas multifamily set by closing date to see what else sold near 11515 Leisure Drive, Dallas, Texas 75243, United States around 2022. Cite this Tides Equities Acquires 432-Unit Multifamily Property In Dallas From The ValCap Group sale when underwriting similar multifamily product around Dallas, Texas.
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