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3055 Holleman Drive South

David Kanne And Albert Rabil Acquire The Heights At College Station Multifamily Asset
SOLDMultiFamily

David Kanne And Albert Rabil Acquire The Heights At College Station Multifamily Asset

3055 Holleman Drive South

Building Size

Asset Type

MultiFamily

Closing

Nov 19, 2025

AI

The transaction involved a multifamily asset located at 3055 Holleman Drive South in College Station. The property, known as The Heights at College Station, is a resort-style luxury student apartment community in proximity to Texas A&M.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: Not disclosed
  • Buyer: David Kanne - LV Collective; Albert Rabil - Kayne Anderson Real Estate
  • Broker: TSB Realty
  • Mortgage Broker: TSB Capital Advisors

David Kanne and Albert Rabil facilitated the acquisition, with TSB Realty handling the brokerage aspect of the sale. TSB Capital Advisors was responsible for arranging the financing, while LV Collective is set to manage and enhance the property's cottage-style living amenities.

Players

TSB Capital Advisors
TSB Capital AdvisorsBrokerage

Albert Rabil

Kayne Anderson Real Estate

Buyer

$2.2B

vol

14 deals

Buyer

College Station 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