facebook
Traded Co logo
Submit
Daily limit: 0/10

Dan Oberste Of BSR REIT Acquires The Ownsby Apartments In Celina For $87.5M

Property Image
SOLD
$87,500,000

Texas

See Similar Deals
MultiFamily
Sold 08/18/2025
the dealdetailscomps
Property Image
SOLD

Dan Oberste Of BSR REIT Acquires The Ownsby Apartments In Celina For $87.5M

505 West Ownsby Parkway

See Similar Deals
MultiFamily
Sold 08/18/2025
the dealdetailscomps

Summary

TEXAS
Asset Type:MultiFamily
Transaction Type:Sale

The Ownsby Apartments, located at 505 West Ownsby Parkway in Celina, TX, has been sold for $87,500,000. This multifamily asset features 368 units, with a price per unit amounting to $237,772. The property was completed in 2024 and includes luxury amenities, situated in the fastest-growing U.S. city that experienced a 19% population growth last year.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $87,500,000
  • Units: 368
  • Price Per Unit: $237,772
  • Buyer: Dan Oberste
  • Buyer's Company: BSR REIT
  • Market: Celina

BSR Real Estate Investment Trust, represented by Dan Oberste in this transaction, has expanded its Sunbelt multifamily portfolio with this acquisition. The transaction aligns with BSR REIT's strategy to invest in high-growth areas.

Players

BR
BSR REIT
BUYER
BR
BSR REIT
BUYER

Details

SOLD
IMAGE: Dan Oberste DATE: 08/18/2025 ADDRESS: 505 West Ownsby Parkway MARKET: Celina ASSET TYPE: Multifamily ~ UNITS: 368 BUYER: Dan Oberste - BSR REIT SALE PRICE: $87,500,000 UNITS: 368 ~ PPU: $237,772 NOTE: BSR Real Estate Investment Trust acquired The Ownsby Apartments in Celina, TX for $87.5M, adding 368 units to its Sunbelt multifamily portfolio. Completed in 2024, the property features luxury amenities and sits in the fastest-growing U.S. city, with 19% population growth last year. REIT

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

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)

$4,666,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$310,869.01
Cash-on-Cash Return-1.27%
Monthly Debt Service$414,794.64
Annual Debt Service$4,977,535.69