Greystar Acquires 20 Multifamily Properties In Houston, Dallas, Atlanta & Chicago For $2B
SOLD
$2,000,000,000
+ 1
Texas
See Similar DealsMultiFamily
Sold 10/23/2021
SOLD
Greystar Acquires 20 Multifamily Properties In Houston, Dallas, Atlanta & Chicago For $2B
Houston, TX, USA
See Similar DealsMultiFamily
Sold 10/23/2021
+ 1
Summary
TEXAS
Asset Type:MultiFamily
Transaction Type:Sale
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
BUYER
LENDER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$106,666,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,105,577.56
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,481,020.35
Annual Debt Service$113,772,244.23
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