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2408 Forest Oaks Lane

Westmount Realty Capital Sells 164-Unit Multifamily Property In Arlington Texas With Institutional Property Advisors
SOLDMultiFamily

Westmount Realty Capital Sells 164-Unit Multifamily Property In Arlington Texas With Institutional Property Advisors

2408 Forest Oaks Lane

Building Size

Asset Type

MultiFamily

Closing

Apr 18, 2025

AI

Westmount at Forest Oaks is a multifamily property located at 2408 Forest Oaks Lane in Arlington, Texas. This asset consists of 164 units and was originally built in 1980. The property's sale has been finalized, with the buyer planning to implement unit upgrades across the property.

Summary of transaction details:

The transaction was facilitated by Institutional Property Advisors, who represented the seller, Westmount Realty Capital. The team of brokers involved in this deal included Drew Kile, Joey Tumminello, Michael Ware, and Taylor Hill.

Players

Drew Kile

Institutional Property Advisors

Broker

$383.2M

vol

81 deals

Broker

Arlington 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