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12638 Ridgeline Blvd, Cedar...

Virtus Real Estate Capital Acquires 270-Unit Multifamily In Cedar Park, Texas
SOLDMultiFamily

Virtus Real Estate Capital Acquires 270-Unit Multifamily In Cedar Park, Texas

12638 Ridgeline Blvd, Cedar Park, TX 78613

Building Size

Asset Type

MultiFamily

Closing

Apr 19, 2023

AI

The sale of Caliza, a Class A garden-style apartment community comprising 270 units, has been arranged by JLL Capital Markets in Cedar Park, Texas. The property, located at 12638 Ridgeline Blvd, was acquired by Virtus Real Estate Capital from the seller, Internacional Realty. Caliza boasts a best-in-class amenity package, including a recently renovated resort-style swimming pool, expansive fitness center, and group exercise room.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: Not mentioned
  • Market: Cedar Park
  • Units: 270

The brokers in this deal were Ryan McBride and Robert Arzola from JLL, representing the buyer, Virtus Real Estate Capital. Christopher Kott from Internacional Realty was also involved in the transaction.

Players

Ryan McBride

JLL

Broker

10 deals

Broker
VC
Virtus Real Estate CapitalSeller

Cedar Park 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