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
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