Shimon Rieder Acquires 529-Unit Multifamily Property On Grow Lane, Houston, TX
SOLD
Texas
See Similar DealsMultiFamily
Sold 04/03/2022
SOLD
Shimon Rieder Acquires 529-Unit Multifamily Property On Grow Lane, Houston, TX
7835 Grow Lane
See Similar DealsMultiFamily
Sold 04/03/2022
Summary
TEXAS
Asset Type:MultiFamily
Transaction Type:Sale
The multifamily property located at 7835 & 8047 Grow Lane in Houston, TX has been sold in a recent transaction. The property consists of 529 units and was part of a sale.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: Not specified
- Address: 7835 & 8047 Grow Lane
- Market: Houston, TX
- Units: 529
Shimon Rieder is the buyer in this transaction, while Nitya Capital is the seller. Rosewood Realty represented both parties in the deal, with Aaron Jungreis serving as the buyer's representative and Mike Kerwin and Scott Bernstein representing the seller.
Players
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$0.00
Debt Service Coverage Ratio (DSCR)
0.00x
Cap Rate
0.00%
Cash Flow (Annual)$0.00
Cash-on-Cash Return0.00%
Monthly Debt Service$0.00
Annual Debt Service$0.00
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