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Houston, TX, USA

Greystar Acquires 20 Multifamily Properties In Houston, Dallas, Atlanta & Chicago For $2B
SOLDMultiFamily

Greystar Acquires 20 Multifamily Properties In Houston, Dallas, Atlanta & Chicago For $2B

Houston, TX, USA

$2,000,000,000

Building Size

Asset Type

MultiFamily

Closing

Oct 23, 2021

AI

The Finger Companies, led by Marvy Finger, has sold a portfolio of 20 multifamily properties in Houston, Dallas, Atlanta, and Chicago. The properties were acquired by Greystar for a total sale price of $2,000,000,000.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $2,000,000,000
  • Market: Houston, Dallas, Atlanta, and Chicago

The buyer, Greystar, was represented by Bastian Laggerbauer from Colliers. On the other hand, the seller, The Finger Companies, had Scott Galloway, Dustin Selzer, and Roberto Casas from JLL Capital Markets Investment Sales Advisory as their representatives.

Players

Dustin Selzer

Broker

$2.5B

vol

10 deals

Broker
Greystar
GreystarBuyer
Greystar
GreystarLender

Houston MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.01%

Cash-on-Cash

-0.00%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93