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400 S Hall St, Dallas, TX, USA

Updated Oct 28, 2024

AEW Capital Management Acquires 336-Unit Multifamily Property In Dallas From Stillwater Capital
SOLDMultiFamily

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

About this deal

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.

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Players

SC
Stillwater CapitalSeller
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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

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