Updated Oct 28, 2024
Weidner Apartment Homes Acquires Multifamily Property In Dallas For $Undisclosed Amount
4030 North Central Expressway, Dallas, Texas 75204, United States
Units
396
Asset Type
MultiFamily
Closing
Sep 12, 2022
About this deal
AI
The multifamily property located at 4030 North Central Expressway in Dallas has been sold in a recent transaction. The property, consisting of 396 units, was sold by Sentinel Real Estate to Weidner Apartment Homes. The sale was facilitated by Morgan Stanley Private Bank, acting as the lender for the transaction.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: Not disclosed
- Date: 09/13/2022
- Market: Dallas
The buyer, Weidner Apartment Homes, acquired the property from the seller, Sentinel Real Estate. The financial aspects of the deal, such as the transaction amount, were not disclosed. Morgan Stanley Private Bank played a role as the lender in facilitating the transaction.
Players
Dallas MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Deal FAQ
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