WBE Equity Acquires 260-Unit Multifamily Property In Dallas From Forge Partners
3565 Timberglen Rd, Dallas, TX, USA
Building Size
201,198 SF
Asset Type
MultiFamily
Closing
Oct 5, 2021
AI
A multifamily property located at 3565 Timberglen Rd in Dallas has been sold in a recent transaction. The property offers 260 units with a total area of 201,198 square feet. The sale took place on October 5th, 2021. The property is situated in the Dallas market, known for its strong real estate opportunities.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: Not specified
- Units: 260
- Total Square Footage: 201,198
- Address: 3565 Timberglen Rd, Dallas
- Market: Dallas
WBE Equity has acquired the property from Forge Partners. Rowan Burch, Coleton Burch, Matt Waskow, and Conner Martin, representing Rowan Multifamily Advisors, acted as the brokers in this transaction. The involvement of these key individuals and companies played a significant role in facilitating the deal.
Players
Dallas MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
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