Updated Dec 4, 2025
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
About this deal
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.
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MultiFamily
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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