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:
- Property Type: MultiFamily
- Transaction Amount: Not specified
- Units: 349
- Address: 2000 Nahvi Road
- Market: Mansfield
- Buyer: Jed Millburn - Millburn & Company
- Brokers: Drew Kile, Joey Tumminello, Taylor Hill, Michael Ware & Shelby Clark - Institutional Property Advisors
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
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