CEG Multifamily Acquires 284-Unit Multifamily Property From NRG Conroe Villas LP In Montgomery
15650 Walden Road
Building Size
—
Asset Type
MultiFamily
Closing
May 13, 2025
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.
Players
Montgomery 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