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5600 Cotswold Hills Dr Fort...

Updated Oct 25, 2024

Cottonwood Group Acquires 224-Unit Taylor Commons Apartments In Fort Worth
SOLDMultiFamily

Cottonwood Group Acquires 224-Unit Taylor Commons Apartments In Fort Worth

5600 Cotswold Hills Dr Fort Worth, TX 76112, USA

Building Size

172,000 SF

Asset Type

MultiFamily

Closing

Jul 5, 2023

About this deal

AI

Cottonwood Group and Texsun Holdings have acquired the Taylor Commons apartments in Fort Worth, expanding their Texas multifamily portfolio. The property, located at 5600 Cotswold Hills Drive, consists of 224 units with a total area of 172,000 square feet. The transaction took place on 07/05/2023 in the Fort Worth market.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: Not specified
  • Units: 224
  • Square Footage: 172,000
  • Address: 5600 Cotswold Hills Drive, Fort Worth
  • Buyer: Cottonwood Group - Mark Green & Taylor Commons; Texsun Holdings

The acquisition of Taylor Commons reflects Cottonwood Group and Texsun Holdings' focus on expanding their multifamily portfolio in Fort Worth. This investment aligns with the strong real estate market and population growth in the area, making it an attractive destination for real estate investors.

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Texas 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

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