Updated Dec 20, 2023
AXA IM Alts And RPM Living Acquire 271-Unit Multifamily Property In Katy
2727 Commercial Center Boulevard, Katy, TX 77494, USA
Building Size
204,427 SF
Asset Type
MultiFamily
Closing
Sep 22, 2021
About this deal
AI
The multifamily property located at 2727 Commercial Center Blvd in Katy has been sold. The transaction took place on 09/22/2021, and the property consists of 271 units. The buyer of the property is AXA IM Alts, represented by Isabelle Scemama, along with RPM Living, represented by Jason Berkowitz.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: Not mentioned
- Units: 271
- Address: 2727 Commercial Center Blvd
- Market: Katy
The key individuals involved in the deal are Isabelle Scemama from AXA IM Alts and Jason Berkowitz from RPM Living. Isabelle Scemama represents the buyer, while Jason Berkowitz represents RPM Living in this transaction.
Players
Katy 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