Updated Mar 6, 2025
Vantage Communities Sells 288-Unit Vantage At Burleson Multifamily In Fort Worth
12605 Vantage Pkwy
Units
288
Asset Type
MultiFamily
Closing
Mar 5, 2025
About this deal
AI
The multifamily property known as Vantage at Burleson, located at 12605 Vantage Pkwy in the Fort Worth market, encompasses 288 units. The property was completed in 2024 and features amenities such as an executive boardroom, a resort-style pool, and two dog parks.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: Undisclosed
- Units: 288
- Seller: David Starr - Vantage Communities
- Brokers: Cameron Purse, Drew Garza, Joey Tumminello, Michael Ware, Taylor Hill & Will Balthrope - Institutional Property Advisors
The Vantage at Burleson multifamily property was sold to an undisclosed buyer in a transaction facilitated by Institutional Property Advisors, showcasing a successful collaboration among the listed brokers.
On the Map
MultiFamily
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Crowley MultiFamily Market Snapshot
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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