Cantera CRG LLC Acquires 172-Unit Multifamily Community In Carrollton From Touro Company And Catalyst Equity Partners
1910 Josey Lane
Building Size
—
Asset Type
MultiFamily
Closing
Oct 18, 2024
AI
The property involved in the transaction is a multifamily apartment community located at 1910 South Josey Lane in Carrollton, Texas. The asset comprises 172 units spread over 6.2 acres and offers a mix of one- and two-bedroom configurations. The property was originally built in 1969, showcasing a variety of amenities catering to resident needs.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: Not disclosed
- Units: 172
- Acres: 6.2
- Buyer: Cantera CRG, LLC
- Seller: Touro Company & Catalyst Equity Partners
- Brokers: Bard Hoover, Joey Murry, Nick Fluellen & Wesley Racht - Marcus & Millichap
This deal reflects a strong market demand, evidenced by over 170 signed confidentiality agreements and 12 competitive offers. The transaction was facilitated by the brokerage team from Marcus & Millichap, representing the involved parties through a competitive sales process.
Players
Carrollton 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