Updated Nov 28, 2024
Conti Capital Acquires GreenVue Apartments In Richardson For $86M
1350 N Greenville Ave Richardson, TX 75081, USA
$86,000,000
Units
408
Asset Type
MultiFamily
Closing
Jun 26, 2023
About this deal
AI
Conti Capital, represented by Carlos Vaz of Conti Capital, has acquired the GreenVue Apartments in Dallas for $86 million from Blackstone Real Estate Income Trust. The multi-family property, located at 1350 North Greenville Avenue in Richardson, consists of 408 units. The transaction took place on June 26, 2023.
Summary of transaction details
- Property Type: MultiFamily
- Transaction Amount: $86,000,000
- Units: 408
GreenVue Apartments offers a range of amenities, including a basketball court and electric vehicle charging stations. The acquisition represents a significant investment by Conti Capital in the Dallas real estate market.
Players
Texas 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
0.18%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93