Updated Oct 25, 2024
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.
Players
Texas MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
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