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14145 Noel Road

Cameron Pratt And Andrew Young Acquire 321-unit Neo At Midtown Apartments In Dallas
SOLDMultiFamily

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

F
Foulger-PrattBuyer

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