Updated Dec 21, 2023
Preferred Apartment Communities Acquires Fort Worth Multifamily For 231 Units
2028 Presidio Vista Drive, Fort Worth, TX, USA
Building Size
1,471 SF
Asset Type
MultiFamily
Closing
Jul 15, 2021
About this deal
AI
Preferred Apartment Communities, represented by Jeff Sherman and John A. Isakson, has acquired a multifamily property in Fort Worth. The property, located at 2028 Presidio Vista Dr, consists of 231 units.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: Not provided
- Date: 07/16/2021
- Market: Fort Worth
- Buyer: Preferred Apartment Communities
- Represented by: Jeff Sherman & John A. Isakson
The acquisition of the multifamily property in Fort Worth by Preferred Apartment Communities, with representation from Jeff Sherman and John A. Isakson, solidifies the company's presence in the local real estate market. This transaction showcases their commitment to expanding their portfolio and providing housing options in the area.
Players
Fort Worth MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Deal FAQ
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