Global Real Estate Advisors Acquire 851-Unit Multifamily Portfolio In Garland, Fort Worth, And Irving
1900 West Kingsley Road, Garland, Texas 75041, United States
Building Size
—
Asset Type
MultiFamily
Closing
Jun 6, 2022
AI
The recently closed transaction involves the sale of a multifamily property in Garland, Fort Worth, and Irving. The property consists of 851 units and is located at 1900 W Kingsley Rd, 5320 E Rosedale St, 1711 W Royal Lane, and 3400-3450 Western Center Blvd.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: Not specified
- Address: 1900 W Kingsley Rd, 5320 E Rosedale St, 1711 W Royal Lane & 3400-3450 Western Center Blvd
- Market: Garland, Fort Worth & Irving
- Units: 851
The sale was facilitated by Mark Allen and Zac Thomas from Global Real Estate Advisors. They represented the parties involved in the transaction, providing their expertise and assistance throughout the deal.
Players
Garland 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