Cameron Pratt And Andrew Young Acquire 321-unit Neo At Midtown Apartments In Dallas
14145 Noel Road
Units
321
Asset Type
MultiFamily
Closing
Aug 20, 2025
AI
The property involved in this transaction is the Neo at Midtown Apartments, a multifamily asset located at 14145 Noel Road in Dallas. This property consists of 321 units and presents a value-add opportunity in a strong submarket.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: Not specified
- Units: 321
- Address: 14145 Noel Road
- Market: Dallas
- Buyer: Cameron Pratt & Andrew Young - Foulger Pratt; Grandview Partners
Cameron Pratt and Andrew Young are key figures in this transaction, representing Foulger Pratt in collaboration with Grandview Partners, marking their first acquisition under the new Multifamily Acquisition Platform.
Players
Dallas 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