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:
- Property Type: Multifamily
- Transaction Amount: Not disclosed
- Units: 164
- Address: 2408 Forest Oaks Lane
- Market: Arlington
- Seller: Cliff Booth - Westmount Realty Capital
- Brokerage: Drew Kile, Joey Tumminello, Michael Ware & Taylor Hill - Institutional Property Advisors
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
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