Updated Oct 28, 2024
Waterton Acquires 400-Unit Multifamily Property In Dallas From Wood Partners
1931 Market Center Blvd, Dallas, TX, USA
Building Size
441,120 SF
Asset Type
MultiFamily
Closing
Sep 10, 2021
About this deal
AI
Wood Partners has sold a multifamily property located at 1931 Market Center Blvd in Dallas. The transaction, which took place on September 10, 2021, involved the sale of a 400-unit apartment complex. The buyer, Waterton, represented by David Schwartz, acquired the property from Wood Partners, represented by Joseph Keough.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: Not specified
- Address: 1931 Market Center Blvd
- Market: Dallas
- Units: 400
David Schwartz, representing Waterton, played a key role in the acquisition of the property. Joseph Keough, on the other hand, represented Wood Partners in the transaction.
Players
Dallas 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