Updated Oct 29, 2024
Shaun Dickerson, Brent Heath, John Burnham, Michael Levy, Bob McClain, & Kev Valach Acquires 363-Unit Multifamily Property In Dallas From Cypress Real Estate Advisors
2626 Reagan Street, Dallas, TX, USA
Building Size
231,704 SF
Asset Type
MultiFamily
Closing
Mar 1, 2021
About this deal
AI
The multifamily property located at 2626 Reagan Street in Dallas has been sold in a recent transaction. The property consists of 363 units and was acquired by a group of buyers represented by Shaun Dickerson, Brent Heath, John Burnham, Michael Levy, Bob McClain, and Kev Valach. The sale took place on March 2, 2021.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: Not specified
- Address: 2626 Reagan Street
- Market: Dallas
- Units: 363
The sellers of the property were Cypress Real Estate Advisors. The purchase was made by Shaun Dickerson, Brent Heath, John Burnham, Michael Levy, Bob McClain, and Kev Valach, who were represented by Crow Holdings in the deal.
Players
Dallas MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Deal FAQ
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