facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Texas

/

Multifamily

/

Sale

/

7204 Town Center Boulevard,...

Redwood Capital Group & Heitman LLC Acquire Multifamily Property In Rosenberg
SOLDMultiFamily

Redwood Capital Group & Heitman LLC Acquire Multifamily Property In Rosenberg

7204 Town Center Boulevard, Rosenberg, TX 77471

Building Size

Asset Type

MultiFamily

Closing

Jan 9, 2022

AI

Redwood Capital Group and Heitman LLC have acquired a multifamily property located at 7204 Town Center Boulevard in Rosenberg. The property, consisting of 309 units, was sold by Sueba USA. Berkadia's Jeffrey Skipworth, Todd Marix, Chris Curry, Joey Rippel, Chris Young, and Kyle Whitney represented both the buyer and the seller in the transaction.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: Not specified
  • Units: 309
  • Address: 7204 Town Center Boulevard
  • Market: Rosenberg
  • Buyer: Redwood Capital Group & Heitman LLC
  • Seller: Sueba USA
  • Brokers: Jeffrey Skipworth, Todd Marix, Chris Curry, Joey Rippel, Chris Young, and Kyle Whitney - Berkadia

The acquisition of this multifamily property by Redwood Capital Group and Heitman LLC was facilitated by the brokerage team at Berkadia, consisting of Jeffrey Skipworth, Todd Marix, Chris Curry, Joey Rippel, Chris Young, and Kyle Whitney. The property is located at 7204 Town Center Boulevard in Rosenberg and consists of 309 units.

Players

Chris Curry

Berkadia

Broker

30 deals

Broker
HL
Heitman LLCBuyer
SU
Sueba USASeller

Rosenberg 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