facebook
Traded Co logo
Submit
Daily limit: 0/10

James Roberts Of Brazos Residential Acquires 248-Unit Multifamily Complex In Sherman

Property Image
SOLD

Texas

See Similar Deals
MultiFamily
Sold
the dealplayerscompscontact
Property Image
SOLD

James Roberts Of Brazos Residential Acquires 248-Unit Multifamily Complex In Sherman

4919 Timberview Drive

See Similar Deals
MultiFamily
Sold
the dealplayerscompscontact
Contact now

Summary

TEXAS
Asset Type:MultiFamily
Transaction Type:Sale

The property involved in the transaction is Hilltop Village, a 248-unit affordable housing complex located at 4919 Timberview Drive in Sherman, Texas. Built in 1969, the property offers one-, two-, and three-bedroom units tailored for households earning 80 percent or less of the area median income. The buyer, James Roberts of Brazos Residential, plans to invest $11 million in renovations for the complex.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: Undisclosed
  • Units: 248
  • Market: Sherman

Global Real Estate Advisors (GREA), a nationwide multifamily brokerage, facilitated the sale of Hilltop Village. Mark Allen, representing GREA, led the deal with the seller remaining undisclosed.

Players

Mark Allen
Colliers
Mark Allen
32 deals$130M volume(972) 865-6328
BROKER

Details

SOLD
IMAGE: James Roberts & Mark Allen DATE: 04/02/2024 ADDRESS: 4919 Timberview Drive MARKET: Sherman ASSET TYPE: Multifamily ~ UNITS: 248 BUYER: James Roberts - Brazos Residential (@Brazos_Residential) BROKER: Mark Allen - Global Real Estate Advisors (GREA) (@GREA_CRE) NOTE: GREA, a nationwide multifamily brokerage, brokered the sale of Hilltop Village, a 248-unit affordable housing complex in Sherman, Texas, built in 1969. Brazos Residential plans an $11 million investment in renovations for the property, which offers one-, two-, and three-bedroom units for households earning 80 percent or less of the area median income. Mark Allen led the deal for GREA, with the seller undisclosed.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$0.00

Debt Service Coverage Ratio (DSCR)

0.00x

Cap Rate

0.00%

Cash Flow (Annual)$0.00
Cash-on-Cash Return0.00%
Monthly Debt Service$0.00
Annual Debt Service$0.00