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
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.
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