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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

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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