Conti Capital Acquires GreenVue Apartments In Richardson For $86M
1350 N Greenville Ave Richardson, TX 75081, USA
$86,000,000
Building Size
—
Asset Type
MultiFamily
Closing
Jun 26, 2023
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
Loading comparables…
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