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
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