Updated Dec 4, 2024
KKR And Kairoi Residential Acquire 310-Unit Multifamily In Dallas From KBS And Southern Land Company
3031 Oliver St, Dallas, TX, USA
Building Size
38,334 SF
Asset Type
MultiFamily
Closing
Oct 13, 2021
About this deal
AI
A multifamily property located at 3031 Oliver St in Dallas has been sold in a recent transaction. The property consists of 310 units, making it a sizable investment opportunity.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: Not disclosed
- Address: 3031 Oliver St
- Market: Dallas
- Units: 310
The buyer involved in this transaction is KKR, represented by Chris Lee and Kairoi Residential. On the selling side, KBS, Gio Cordoves, and Southern Land Company (SLC) were involved in the deal. Unfortunately, no additional information about the transaction, such as the sale price, loan amount, or square footage, has been provided.
Players
Rowlett 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