Updated May 22, 2026
SOLDMultiFamily
Mark Gleiberman Of MG Properties Acquires 458-Unit Reserve At Spring Creek From Jérôme Foulon
2710 Routh Creek Parkway
Units
458
Asset Type
MultiFamily
Closing
May 22, 2026
About this deal
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MultiFamily
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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