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.
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