Middle Street Partners Acquires 266-Unit Multifamily Property In Houston From Patrinely Group And USAA Real Estate
2525 CityWest Boulevard, Houston, TX, USA
Building Size
1,874 SF
Asset Type
MultiFamily
Closing
Nov 30, 2021
AI
A multifamily property located at 2525 City West Blvd in Houston has been sold. The property consists of 266 units and was sold on November 30, 2021. The transaction was facilitated by Dustin Selzer, Matt Kafka, and Jett Lucia from JLL. The buyer of the property is Middle Street Partners, while the seller is the Patrinely Group represented by Robert Fields and USAA Real Estate.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: Not specified
- Address: 2525 City West Blvd
- Market: Houston
- Units: 266
With the involvement of Dustin Selzer, Matt Kafka, and Jett Lucia from JLL as brokers, the sale of this multifamily property has been successfully completed. The buyer, Middle Street Partners, has acquired the property from the seller, the Patrinely Group, with representation from Robert Fields and USAA Real Estate.
Players
Houston 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