Equity Residential Acquires Multifamily Property In Dallas From Toll Brothers
411 West Commerce Street, Dallas, TX, USA
Building Size
344,098 SF
Asset Type
MultiFamily
Closing
Nov 19, 2021
AI
Equity Residential has acquired a multifamily property located at 411 W Commerce St in Dallas. The property consists of 331 units and was sold by Toll Brothers. The transaction took place on November 19, 2021. Mark J. Parrell represented Equity Residential in the deal, while Douglas C. Yearley Jr. represented Toll Brothers.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: Not specified
- Units: 331
- Market: Dallas
Equity Residential, led by Mark J. Parrell, completed the purchase of the multifamily property located at 411 W Commerce St in Dallas. The seller, Toll Brothers, was represented by Douglas C. Yearley Jr. No additional information about the transaction was provided.
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