facebook

traded

+ Submit
Home

/

Deals

/

Texas

/

Multifamily

/

Sale

/

2525 CityWest Boulevard, Ho...

Middle Street Partners Acquires 266-Unit Multifamily Property In Houston From Patrinely Group And USAA Real Estate
SOLDMultiFamily

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

Dustin Selzer

Broker

$2.5B

vol

10 deals

Broker
MP
Middle Street PartnersBuyer
USAA Real Estate
USAA Real EstateLender

Houston MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

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