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7835 Grow Lane

Ventus Capital Acquires Multifamily Property With 529 Units In Houston
SOLDMultiFamily

Ventus Capital Acquires Multifamily Property With 529 Units In Houston

7835 Grow Lane

Building Size

Asset Type

MultiFamily

Closing

Apr 22, 2022

AI

A multifamily property located at 7835 Grow Ln & 8047 Grow Ln in Houston has been sold. The property features a total of 529 units and was sold in a closed transaction.

Summary of transaction details:

The buyers in this transaction, Ventus Capital, acquired the multifamily property located at 7835 Grow Ln & 8047 Grow Ln in Houston. The property offers 529 units and was sold by the seller, Nitya Capital. The deal was facilitated by brokers Mike Kerwin, Scott Bernstein & Aaron Jungreis from Rosewood Realty Group.

Players

Aaron Jungreis

Rosewood Realty Group

Broker

$4.4B

vol

207 deals

Broker
Nitya Capital
Nitya CapitalSeller

Houston 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