Updated Aug 5, 2025
Karen E. Kennedy Of NAS Investment Solutions Acquires 123-Unit Courtyard Apartments In Garland
2046 North Shiloh Road
Units
123
Asset Type
MultiFamily
Closing
Jul 31, 2025
About this deal
AI
The Courtyard Apartments, a multifamily asset located at 2046 North Shiloh Road in Garland, Texas, encompasses 123 units spread over 5.5 acres. The property presents a value-add investment opportunity close to Dallas’ Telecom Corridor.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: Not specified
- Units: 123
- Acres: 5.5
- Buyer: Karen E. Kennedy
- Company: NAS Investment Solutions
- Market: Garland
NAS Investment Solutions aims for cash-on-cash returns starting at 5.5%, with plans to implement upgrades that will enhance rental income and long-term performance of the property.
Players
Garland 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