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The CONAM Group Acquires Arise Craig Ranch Multifamily In McKinney With Jack Cleary
SOLD
Texas
See Similar DealsMultiFamily
Sold 10/04/2023
SOLD
The CONAM Group Acquires Arise Craig Ranch Multifamily In McKinney With Jack Cleary
7201 Custer Road
See Similar DealsMultiFamily
Sold 10/04/2023
Summary
TEXAS
Asset Type:MultiFamily
Transaction Type:Sale
The CONAM Group, through their subsidiary CONAM Multifamily Partners Fund III, has acquired a Class A multi-family community in Texas known as Arise Craig Ranch. Located at 7201 South Custer Road in McKinney, the property consists of 270 units and is targeted towards diverse professional sectors with upscale amenities.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: Not specified
- Units: 270
- Buyer: The CONAM Group - Jack Cleary
- Market: McKinney
This acquisition represents CONAM's expansion in Texas, highlighting their focus on the multi-family market and their commitment to providing high-quality living spaces with desirable amenities. The deal was facilitated by Jack Cleary, the representative of The CONAM Group.
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30 years
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Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
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Debt Service Coverage Ratio (DSCR)
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Cap Rate
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Cash Flow (Annual)$0.00
Cash-on-Cash Return0.00%
Monthly Debt Service$0.00
Annual Debt Service$0.00
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