AEW Capital Management Acquires 336-Unit Multifamily Property In Dallas From Stillwater Capital
400 S Hall St, Dallas, TX, USA
Building Size
366,166 SF
Asset Type
MultiFamily
Closing
May 3, 2021
AI
The multifamily property located at 400 South Hall St in Dallas has been sold in a recent transaction. The property boasts a total of 336 units, making it a substantial investment in the Dallas market.
Summary of Transaction Details
- Property Type: Multifamily
- Transaction Date: 05/04/2021
- Address: 400 South Hall St
- Market: Dallas
- Units: 336
The seller of the property was Stillwater Capital, represented by Aaron Sherman and Robert Elliott. The buyer, on the other hand, was AEW Capital Management, with Jonathan Martin and Jeff Furber handling the transaction. This deal highlights the involvement of these key individuals and companies in the successful sale of the multifamily property.
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