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2710 Routh Creek Parkway

Mark Gleiberman Of MG Properties Acquires 458-Unit Reserve At Spring Creek From Jérôme Foulon
SOLDMultiFamily

Mark Gleiberman Of MG Properties Acquires 458-Unit Reserve At Spring Creek From Jérôme Foulon

2710 Routh Creek Parkway

Building Size

Asset Type

MultiFamily

Closing

May 22, 2026

AI

No summary available.

Players

Mark Gleiberman

MG Properties

Buyer

$871.1M

vol

8 deals

Buyer

Jérôme Foulon

Lone Star Funds

Seller

$145M

vol

2 deals

Seller

Hewitt 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