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4600 N Josey Ln, Carrollton...

Starwood Capital Group Acquires Property In Carrollton Represented By Kevin O’Boyle And Daniel Baker
SOLDMultiFamily

Starwood Capital Group Acquires Property In Carrollton Represented By Kevin O’Boyle And Daniel Baker

4600 N Josey Ln, Carrollton, TX, 75010

Building Size

Asset Type

MultiFamily

Closing

Nov 19, 2023

AI

The property involved in this transaction is Keystone at Castle Hills, a 690-unit multifamily property located at 4600 N Josey Ln, Carrollton, TX, 75010. The asset was built in 1988 and features various unit types including one-, two-, and three-bedroom layouts. The amenities offered at the property include two pools, a fitness center, a resident clubhouse with a coworking lounge, and outdoor grilling areas.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: Undisclosed
  • Address: 4600 N Josey Ln, Carrollton, TX, 75010
  • Market: Carrollton
  • Seller: Acre Valley Real Estate Capital
  • Seller's Rep: Kevin O’Boyle & Daniel Baker - CBRE
  • Buyer: Starwood Capital Group

CBRE played a crucial role in this transaction, with Danny Baker, Nita Stewart, Chandler Sims, and Kevin O’Boyle representing the seller. The negotiations facilitated by CBRE led to the sale of the property to Miami-based Starwood Capital Group.

Players

Kevin O’Boyle

CBRE

Broker

5 deals

Broker
Starwood Capital Group
Starwood Capital GroupBuyer
Starwood Capital Group
Starwood Capital GroupLender

Carrollton 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