Evan Reifman Purchases 80-Unit Multifamily Property In Dallas From Yilmaz Family Trust
2921 Kendale Drive
Building Size
63,557 SF
Asset Type
MultiFamily
Closing
Dec 1, 2025
AI
The transaction involved an 80-unit multifamily property located at 2921 Kendale Drive in Dallas. The total square footage of the asset is 63,557, situated on 2.57 acres of land.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: Not specified
- Units: 80
- Square Footage: 63,557
- Acres: 2.57
- Buyer: Evan Reifman
- Seller: Yilmaz Family Trust
- Brokers: Bard Hoover & Nick Fluellen - Marcus & Millichap
- Mortgage Broker: John Brickson - Marcus & Millichap Capital Corporation
Marcus & Millichap facilitated the sale of the property, transitioning ownership from the Yilmaz Family Trust to buyer Evan Reifman. Additionally, Marcus & Millichap Capital Corporation arranged financing for the buyer, securing a 3-year, 80% LTV loan from a national bank.
Players
Dallas 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