Alliance Residential Co. & Goldman Sachs Asset Management Sell Multifamily Property In Dallas With Brokers From IPA & Marcus & Millichap
4444 Cole Avenue, Dallas, Texas 75205, United States
Building Size
—
Asset Type
MultiFamily
Closing
Feb 8, 2022
AI
Alliance Residential Co. and Goldman Sachs Asset Management have recently closed a multifamily property transaction in Dallas. The property, located at 4444 Cole Ave, spans across 5.5 acres and comprises 333 units. The deal was finalized on February 9, 2022.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: Not disclosed
- Market: Dallas
- Units: 333
- Acres: 5.5
The sale was facilitated by Institutional Property Advisors (IPA) - Marcus & Millichap, with a team consisting of Michael Ware, Drew Kile, Joey Tumminello, Taylor Hill, Jeffrey Kindorf, and Will Balthrope representing the sellers, Alliance Residential Co. and Goldman Sachs Asset Management. These brokers played a crucial role in managing the transaction and ensuring its successful completion.
Players
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