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168 Belterra Village Way, A...

Hayden Properties Acquires Multifamily Property In Austin From American Residential Group
SOLDMultiFamily

Hayden Properties Acquires Multifamily Property In Austin From American Residential Group

168 Belterra Village Way, Austin, TX 78737, USA

Building Size

4,051,080 SF

Asset Type

MultiFamily

Closing

Oct 7, 2021

AI

Hayden Properties has recently acquired a multifamily property located at 168 Belterra Vlg Wy in Austin. The transaction, which took place on 10/07/2021, involved the sale of this property by American Residential Group. The property spans across 93 acres and consists of 233 units.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: Not provided
  • Market: Austin
  • Address: 168 Belterra Vlg Wy
  • Asset Type: Multifamily
  • Acres: 93
  • Units: 233

Will Balthrope, Jordan Featherston, and Kent Myers from Institutional Property Advisors (IPA) - Marcus & Millichap facilitated the sale as brokers representing both parties in the transaction.

Players

Jordan Featherston

Institutional Property Advisors

Broker

$350M

vol

11 deals

Broker
Marcus & Millichap
Marcus & MillichapBrokerage

Austin 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