facebook

traded

+ Submit
Home

/

Deals

/

Texas

/

Multifamily

/

Sale

/

516 Stafford Springs Avenue

Disrupt Equity Acquires Lone Star 3-Pack Multifamily Portfolio From Nitya Capital
SOLDMultiFamily

Disrupt Equity Acquires Lone Star 3-Pack Multifamily Portfolio From Nitya Capital

516 Stafford Springs Avenue, 20000 Saums Road & 2501 Wickersham Lane

Building Size

Asset Type

MultiFamily

Closing

Nov 1, 2023

AI

The Lone Star 3-pack, a multifamily portfolio consisting of 673 units in Austin and Houston, has been sold by Nitya Capital to Disrupt Equity. The portfolio includes three properties: Treehouse, Stonecreek, and Waterstone Place. Located in high-performing multifamily markets, these properties offer value-add potential.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: Not available
  • Units: 673
  • Buyer: Disrupt Equity - Feras Moussa
  • Seller: Nitya Capital - Swapnil Agarwal
  • Brokers: Carter Mizell, Jim Young & Zach Springer - Newmark

Newmark, represented by Carter Mizell, Jim Young, and Zach Springer, has facilitated the sale of the Lone Star 3-pack. The deal involved the acquisition of a multifamily portfolio comprising 673 units across three properties in Austin and Houston. Disrupt Equity, led by Feras Moussa, recognized the potential for value-add in these properties, located in high-performing multifamily markets.

Players

Zach Springer

Newmark

Broker

$1.9B

vol

7 deals

Broker

Feras Moussa

Disrupt Equity

Buyer

2 deals

Buyer
Nitya Capital
Nitya CapitalSeller

Stafford 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