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
Carrollton MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
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