Updated Nov 24, 2023
NexPoint Residential Trust, Inc Acquires Multifamily In Houston With Seller's Rep Matt McGraner
6565 Hollister Street, Houston, Texas 77040, United States
Units
260
Asset Type
MultiFamily
Closing
Dec 30, 2022
About this deal
AI
The multifamily property located at 6565 Hollister St in Houston has been sold. The transaction took place on 12/30/2022. The property consists of 260 units, making it a sizable investment for the buyer.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: Not mentioned in the CONTEXT
- Address: 6565 Hollister St
- Market: Houston
- Units: 260
The seller, NexPoint Residential Trust, Inc, was represented by Matt McGraner in the deal. We do not have any additional information about the buyer or any loan amount associated with the transaction.
Players
Houston MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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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