Updated Oct 12, 2026
Hayden Properties Acquires 192-Unit Apartment Complex From Lumen Capital In Bryan Texas
4475 Carter Creek Parkway
Units
192
Asset Type
MultiFamily
Closing
Oct 5, 2026
About this deal
AI
The Element at University Park is a multifamily residential property located at 4475 Carter Creek Parkway in Bryan, Texas. This apartment complex consists of 192 units and was built in the year 2000. The transaction involved Houston-based Lumen Capital selling the property to Hayden Properties.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: Undisclosed
- Units: 192
- Address: 4475 Carter Creek Parkway
- Market: Bryan, TX
- Buyer: Hayden Properties
- Seller: Lumen Capital
- Brokers: Harris Weber, Michael Moffitt, Michael Watson, Michael Miller & Thomas Skevington - MMG Real Estate Advisors
MMG Real Estate Advisors facilitated the transaction, showcasing their role in the sale of the property and the expertise of their brokerage team in handling such deals. The transaction highlights the involvement of key individuals from MMG, including Harris Weber, Michael Moffitt, Michael Watson, Michael Miller, and Thomas Skevington.
On the Map
MultiFamily
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Bryan MultiFamily Market Snapshot
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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