Brixton Capital Acquires 312-Unit Multifamily Property In Katy
222 Mason Creek Drive, Katy, TX 77450
Building Size
1,343 SF
Asset Type
MultiFamily
Closing
Oct 26, 2021
AI
222 Mason Creek Drive, a multifamily property located in Katy, was recently sold in a closed transaction. The sale took place on October 26, 2021, with Brixton Capital represented by Jim Hamilton as the buyer and Hilltop Residential as the seller. The property spans across 13 acres and comprises a total of 312 units, making it an attractive investment in the Katy market.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: Not specified
- Address: 222 Mason Creek Drive
- Market: Katy
- Acres: 13
- Units: 312
The deal was facilitated by Zach Springer from Newmark, who represented Brixton Capital in the transaction. Jim Hamilton, also from Brixton Capital, played a key role as their representative. The involvement of these individuals and companies highlights the successful completion of the sale.
Players
Katy 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