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505 West Ownsby Parkway

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

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

505 West Ownsby Parkway

$87,500,000

Units

368

Asset Type

MultiFamily

Closing

Aug 18, 2025

AI

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 REITBuyer

Celina 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

0.18%

Cash-on-Cash

-0.05%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93