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
Stafford 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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93