Updated Dec 2, 2025
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
About this deal
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