Updated Oct 28, 2024
Tides Equities Acquires Multifamily Property In Dallas From C-III Capital Partners
3750 Rosemeade Parkway, Dallas, TX, USA
Building Size
116,273 SF
Asset Type
MultiFamily
Closing
Apr 29, 2021
About this deal
AI
The multifamily property located at 3750 Rosemeade Parkway in Dallas has been sold in a recent transaction. The sale took place on April 30, 2021, with a total of 200 units and a square footage of 116,273. The property is situated in the Dallas market.
Summary of transation details
- Property Type: Multifamily
- Sale Date: 04/30/2021
- Address: 3750 Rosemeade Parkway
- Market: Dallas
- Units: 200
- Square Footage: 116,273
The seller of the property was C-III Capital Partners, while the buyer was Tides Equities represented by Sean Kia and Ryan Andrade. The deal was facilitated by broker Berkadia.
On the Map
MultiFamily
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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