Updated Oct 28, 2024
Wood Partners Sells 309-Unit Multifamily Property In Dallas To Sares Regis
1531 Inspiration Drive, Dallas, Texas 75207, United States
Units
309
Asset Type
MultiFamily
Closing
May 22, 2022
About this deal
AI
Wood Partners has sold a multifamily property located at 1531 Inspiration Drive in Dallas. The property consists of 309 units and was purchased by Sares Regis.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: Not specified
- Units: 309
- Date: May 23, 2022
- Market: Dallas
- Seller: Wood Partners
- Buyer: Sares Regis
The sale of this multifamily property at 1531 Inspiration Drive represents a significant transaction in the Dallas market. Wood Partners, the seller, and Sares Regis, the buyer, were the key players in this deal.
Players
Dallas MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Deal FAQ
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