Updated Dec 4, 2024
Trammell Crow Residential Sells 321-Unit Multifamily Property In Dallas To Nuveen Real Estate
1945 Bennett Avenue, Dallas, TX 75206
Building Size
837 SF
Asset Type
MultiFamily
Closing
Jun 17, 2020
About this deal
AI
The multifamily property located at 1945 Bennett Ave in Dallas has been sold. The transaction took place on June 17, 2021. The property consists of 321 units and is owned by Trammell Crow Residential.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: Not specified
- Address: 1945 Bennett Ave
- Market: Dallas
- Units: 321
The buyer of the property is Nuveen Real Estate. The sale was facilitated by a team of brokers including Drew Kile, Joey Tumminello, Will Balthrope, Taylor Hill, Michael Ware, and Grant Raymond from IPA - Marcus & Millichap.
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