Lonestar Capital Group Acquires Azul Apartments In Houston From ZK Jester Inc
14441 T C Jester Blvd Houston, TX 77014, USA
Building Size
—
Asset Type
MultiFamily
Closing
Jul 20, 2023
AI
The Azul Apartments, located at 14441 Tc Jester Boulevard in northwest Houston, has been sold to Lonestar Capital Group by ZK Jester Inc. The luxury multifamily community offers upscale living and convenient amenities. It also provides easy access to schools, shopping, and transportation.
Summary of transaction details
- Property Type: Multfamily
- Transaction Amount: Not specified
- Address: 14441 Tc Jester Boulevard, Houston
- Market: Houston
The deal was brokered by Jaleel Adatia, Chip Nash, and Bob Heard of Colliers. They represented both the buyer, Lonestar Capital Group, and the seller, ZK Jester Inc.
NOTE: Azul Apartments in northwest Houston has been sold to Lonestar Capital Group by Colliers. The luxury community offers upscale living, convenient amenities, and easy access to schools, shopping, and transportation.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93