Updated Oct 29, 2024
Ventus Capital Acquires Multifamily Property With 529 Units In Houston
7835 Grow Lane
Units
529
Asset Type
MultiFamily
Closing
Apr 22, 2022
About this deal
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:
- Property Type: Multifamily
- Transaction Date: 04/22/2022
- Buyer: Ventus Capital
- Seller: Nitya Capital
- Brokers: Mike Kerwin, Scott Bernstein & Aaron Jungreis - Rosewood Realty Group
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.
On the Map
MultiFamily
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Players
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