Updated Oct 28, 2024
Indus Management Acquires Multifamily Property In Houston From The Barvin Group
5500 El Camino Del Rey Street, Houston, Texas 77081, United States
Units
687
Asset Type
MultiFamily
Closing
Jan 25, 2022
About this deal
AI
The multifamily property located at 5500 El Camino Del Rey and 5900 Bissonnet Street in Houston has been sold. The transaction took place on January 24, 2022. The property consists of 687 units, making it a significant asset in the market.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: Not specified
- Market: Houston
- Units: 687
The buyer of the property is Indus Management, represented by Manu Gupta. The seller in this transaction is The Barvin Group. The deal was facilitated by the brokers Joey Rippel, Chris Young, Jeffrey Skipworth, Kyle Whitney, Todd Marix, and Chris Curry, all from Berkadia.
On the Map
MultiFamily
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Players
Houston 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