Anthony Westreich & Timothy Helmig Of Monday Properties And Ben Gray Of RSN Property Group Acquire 226-Unit Multifamily In DeSoto
1225 East Pleasant Run Road
Units
226
Asset Type
MultiFamily
Closing
Apr 9, 2025
AI
The property asset involved in the transaction is a multifamily apartment complex known as Eagle Creek Landing, which consists of 226 units located at 1225 East Pleasant Run Road in DeSoto, Texas. This acquisition marks a strategic addition to the portfolio of Monday Properties and RSN Property Group, focusing on a market known for its robust demand due to proximity to the International Inland Port of Dallas and distribution hubs.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: Not disclosed
- Address: 1225 East Pleasant Run Road
- Market: DeSoto
- Units: 226
- Buyer: Anthony Westreich & Timothy Helmig - Monday Properties ; Ben Gray - RSN Property Group
Anthony Westreich and Timothy Helmig, representing Monday Properties, along with Ben Gray of RSN Property Group, have executed this acquisition, which signifies their entry into the Dallas-area market. The firm has indicated plans for interior renovations to enhance the property value and meet local demand.
Players
Desoto MultiFamily Market Snapshot
Boundary boundary Β· MultiFamily Β· 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