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Eaton Vance Real Estate Investment Group Acquires 360-Unit Multifamily Property In Katy From Joe Lubeck
SOLD
Texas
See Similar DealsMultiFamily
Sold
SOLD
Eaton Vance Real Estate Investment Group Acquires 360-Unit Multifamily Property In Katy From Joe Lubeck
23400 Kingsland Boulevard
See Similar DealsMultiFamily
Sold
Summary
TEXAS
Asset Type:MultiFamily
Transaction Type:Sale
This multifamily property transaction involves 360 units located at 23400 Kingsland Boulevard in the Katy market. Eaton Vance Real Estate Investment Group purchased the asset from Electra America, facilitating the transaction with a Fannie Mae loan from Walker & Dunlop.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $40 million
- Address: 23400 Kingsland Boulevard
- Market: Katy
- Buyer: Eaton Vance Real Estate Investment Group
- Seller: Joe Lubeck - Electra America
- Lender: Walker & Dunlop
- Units: 360
Joe Lubeck represented Electra America in the sale of the property, while Walker & Dunlop played a key role in financing the acquisition. This transaction highlights the involvement of multiple stakeholders in executing the deal successfully.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$0.00
Debt Service Coverage Ratio (DSCR)
0.00x
Cap Rate
0.00%
Cash Flow (Annual)$0.00
Cash-on-Cash Return0.00%
Monthly Debt Service$0.00
Annual Debt Service$0.00
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