Updated May 13, 2025
CEG Multifamily Acquires 284-Unit Multifamily Property From NRG Conroe Villas LP In Montgomery
15650 Walden Road
Units
284
Asset Type
MultiFamily
Closing
May 13, 2025
About this deal
AI
The property asset involved in this transaction is a multifamily property located at 15650 Walden Road in Montgomery, Texas. It consists of 284 units spread across 16 acres.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: Not specified
- Units: 284
- Acres: 16
- Buyer: CEG Multifamily
- Seller: NRG Conroe Villas L.P.
- Brokers: Gregory Austin, Kyle Devillier, Travis Austin, Jackson Hart, Will Balthrope - Institutional Property Advisors - Marcus & Millichap
This transaction was arranged by Institutional Property Advisors on behalf of seller NRG Conroe Villas L.P. to buyer CEG Multifamily. The team from Marcus & Millichap that facilitated the deal included brokers Gregory Austin, Kyle Devillier, Travis Austin, Jackson Hart, and Will Balthrope.
On the Map
MultiFamily
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Players
Montgomery MultiFamily Market Snapshot
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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