Updated Apr 9, 2025
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
About this deal
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.
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MultiFamily
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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