facebook

traded

+ Submit
Home

/

Deals

/

Texas

/

Multifamily

/

Sale

/

701 N Hampton St, Fort Wort...

Buchanan Street Partners Acquires Fort Worth Property With Brokers Jeffrey Kindorf And Joey Tumminello
SOLDMultiFamily

Buchanan Street Partners Acquires Fort Worth Property With Brokers Jeffrey Kindorf And Joey Tumminello

701 N Hampton St, Fort Worth, TX, 76...

Building Size

Asset Type

MultiFamily

Closing

Nov 19, 2023

AI

The property involved in this transaction is Jameson at the Bluffs, a 387-unit apartment community located at 701 N Hampton St, Fort Worth, TX. The development spans nine acres and was built in 2021, featuring an average unit size of 784 square feet. Amenities include a pool, clubhouse, rooftop lounge, arcade, and two dog parks, catering to the modern lifestyle of residents.

Summary of transaction details:

The transaction was negotiated by Drew Kile alongside the other representatives from Institutional Property Advisors, who managed the sale on behalf of the seller, StoneHawk Capital Partners. The collaborative effort of the team ensured a successful closing of this significant property deal in Fort Worth.

Players

Drew Kile

Institutional Property Advisors

Broker

$383.2M

vol

81 deals

Broker
Buchanan Street Partners
Buchanan Street PartnersBrokerage
Buchanan Street Partners
Buchanan Street PartnersBuyer

Fort Worth MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

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