Updated Oct 28, 2024
Tides Equities Acquires Roanoke And Dallas Multifamily For $172M
3939 Trinity Mills Road
$172,000,000
$230/SF
Building Size
744,926 SF
Asset Type
MultiFamily
Closing
Jan 25, 2022
About this deal
AI
The multifamily property located at 13900 Chadwick Parkway & 3939 East Trinity Mills Road in Roanoke and Dallas has been sold. The property spans over 37.32 acres and consists of 764 units with a total area of 744,926 square feet.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $172,000,000
- Market: Roanoke & Dallas
- Address: 13900 Chadwick Parkway & 3939 East Trinity Mills Road
- Acres: 37.32
- Units: 764
- Square Feet: 744,926
Tides Equities, represented by Sean Kia and Ryan Andrade, acquired the property. The buyer was assisted by IPA for the Chadwick Apartments transaction and Berkadia for the Ladera Apartments deal.
Players
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
0.09%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93