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David Choe And Alex Schneider Of Clover Capital Partners Acquire 256-Unit Multifamily Property In Tyler
SOLD
+ 4
Texas
See Similar DealsMultiFamily
Sold 04/23/2025
SOLD
David Choe And Alex Schneider Of Clover Capital Partners Acquire 256-Unit Multifamily Property In Tyler
400 Old Grande Boulevard
See Similar DealsMultiFamily
Sold 04/23/2025
+ 4
Summary
TEXAS
Asset Type:MultiFamily
Transaction Type:Sale
The asset involved in this transaction is a multifamily property located at 400 Old Grande Boulevard in Tyler, TX. The property consists of 256 units and was built in 1984. It presents value-add potential through unit upgrades.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: Not disclosed
- Buyer: David Choe & Alex Schneider - Clover Capital Partners
- Seller: Harry Bookey & Joanna Zabriskie - BH Equities
- Brokers: Drew Kile, Joey Tumminello, Michael Ware & William Hubbard - Institutional Property Advisors
- Mortgage Brokers: Brian Eisendrath, Cameron Chalfant & Harry Krieger - Institutional Property Advisors
Clover Capital Partners acquired The Woodlands property from BH Equities, with the transaction brokered by Institutional Property Advisors. IPA Capital Markets arranged seven-year fixed-rate financing for the deal.
Players
SELLER
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$0.00
Debt Service Coverage Ratio (DSCR)
0.00x
Cap Rate
0.00%
Cash Flow (Annual)$0.00
Cash-on-Cash Return0.00%
Monthly Debt Service$0.00
Annual Debt Service$0.00
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