Praedium Group Acquires 380-Unit Multifamily In Houston From OHT Partners
15500 Middlebrook Drive, Houston, Texas 77058, United States
Building Size
—
Asset Type
MultiFamily
Closing
May 2, 2022
AI
On 5th March 2022, a multifamily property located at 15500 Middlebrook Dr in Houston was sold in a closed transaction. The property consists of 380 units, making it a significant investment opportunity in the Houston market.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: N/A
- Units: 380
The buyer of this property was Praedium Group, represented by Peter Calatozzo and Josh Kogel. On the other hand, the seller was OHT Partners. These key individuals and companies played crucial roles in the completion of this transaction.
Players
Houston 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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93