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The Brem Group Acquires 230-Unit The Milo Apartment Complex In Houston With 29th Street Capital Financing
SOLD
Texas
See Similar DealsMultiFamily
Sold 07/25/2025
SOLD
The Brem Group Acquires 230-Unit The Milo Apartment Complex In Houston With 29th Street Capital Financing
13250 Westheimer Road
See Similar DealsMultiFamily
Sold 07/25/2025
Summary
TEXAS
Asset Type:MultiFamily
Transaction Type:Sale
The Milo on Westheimer is a multifamily apartment complex located at 13250 Westheimer Road in Houston. This property consists of 230 units and was built in 2015.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: Not disclosed
- Buyer: The Brem Group
- Lender: Matt Compton - 29th Street Capital
- Financing: Freddie Mac financing and $4.5M in preferred equity
- Seller: Undisclosed
This transaction involved key entities where The Brem Group made the acquisition while receiving financing from 29th Street Capital, represented by Matt Compton. The property is situated in a notable market area, reflecting a strategic investment by the buyer.
Players
LENDER
Details
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30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$0.00
Debt Service Coverage Ratio (DSCR)
0.00x
Cap Rate
0.00%
Cash Flow (Annual)$0.00
Cash-on-Cash Return0.00%
Monthly Debt Service$0.00
Annual Debt Service$0.00
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