Updated Oct 28, 2024
Vision & Beyond Capital Investments Acquires Houston Multifamily For $73M
1325 Greens Parkway, Houston, Texas 77067, United States
$73,000,000
Units
460
Asset Type
MultiFamily
Closing
May 15, 2022
About this deal
AI
Vision & Beyond Capital Investments, represented by Stas Grinberg, has acquired a multifamily property portfolio in Houston. The portfolio consists of three properties located at 1325 Greens Pkwy, 2700 Westridge St, and 4211 Clay Hill Dr. The transaction took place on May 16, 2022.
Summary of transaction details:
- Property Type: Multifamily
- Sale Price: $73,000,000
- Number of Units: 460
- Price Per Unit: $158,696
Stas Grinberg, on behalf of Vision & Beyond Capital Investments, led the acquisition of this multifamily portfolio. The properties are situated in Houston's market, offering potential for significant returns on investment. The transaction reflects the growing interest in multifamily properties in the area.
Players
Houston 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
0.22%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93