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2000 Nahvi Rd, Mansfield, T...

Jed Millburn Of Millburn & Company Acquires 349 Unit Multifamily Community In Mansfield
SOLDMultiFamily

Jed Millburn Of Millburn & Company Acquires 349 Unit Multifamily Community In Mansfield

Building Size

Asset Type

MultiFamily

Closing

Aug 26, 2025

AI

The property involved in the transaction is a 349-unit multifamily community located at 2000 Nahvi Road in Mansfield, Texas. The asset was built in 2023 and features resort-style amenities. Its location is strategic, sitting near major employers and the under-construction 200-acre Reserve Mansfield mixed-use district.

Summary of transaction details:

This transaction was brokered by Marcus & Millichap’s Institutional Property Advisors, facilitating the sale of the multifamily community to Salt Lake City-based Millburn & Company.

Players

Drew Kile

Institutional Property Advisors

Broker

$383.2M

vol

81 deals

Broker
Institutional Property Advisors
Institutional Property AdvisorsBrokerage

Market 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