Updated Oct 28, 2024
Inman Equities Acquires Multifamily Property In Houston From Olive Tree Holdings
16112 North Freeway, Houston, Texas 77090, United States
Units
372
Asset Type
MultiFamily
Closing
Jul 7, 2022
About this deal
AI
A multifamily property located at 16112 North Freeway in Houston has recently been sold. The property consists of 372 units, making it a significant asset in the area.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: Not available
- Units: 372
- Market: Houston
- Buyer: Inman Equities
- Seller: Olive Tree Holdings
- Brokers: Chris Young, Joey Rippel, Kyle Whitney, Jeffrey Skipworth, Todd Marix, and Chris Curry from Berkadia
The deal was facilitated by Berkadia, with brokers Chris Young, Joey Rippel, Kyle Whitney, Jeffrey Skipworth, Todd Marix, and Chris Curry representing both the buyer and seller parties. The transaction was completed on 07/08/2022.
On the Map
MultiFamily
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Players
Houston 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