Updated Dec 4, 2024
Cantera CRG LLC Acquires 172-Unit Multifamily Community In Carrollton From Touro Company And Catalyst Equity Partners
1910 Josey Lane
Units
172
Asset Type
MultiFamily
Closing
Oct 18, 2024
About this deal
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