Weidner Apartment Homes Acquires 349-Unit Multifamily Property In Cedar Park For $47.3M
801 C Bar Ranch Trail
Building Size
—
Asset Type
MultiFamily
Closing
Aug 12, 2025
AI
The property involved in the transaction is a multifamily asset located at 801 C Bar Ranch Trail in Cedar Park, comprising 349 units. It was acquired for $47.3 million and is 95% occupied. Built in 2020, the property features one- and two-bedroom units with an average size of 899 square feet, and includes amenities such as a pool, clubhouse, gym, and outdoor grilling areas.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $47.3 million
- Units: 349
- Buyer: Dean Weidner - Weidner Apartment Homes
- Seller: Starlight Investments
- Brokers: Patton Jones & Andrew Dickson - Newmark
- Lender: Berkeley Point Capital
- Mortgage Brokers: Mitch Clarfield & Alec Newman - Newmark
This acquisition marks Weidner Apartment Homes' entry into the Austin market, facilitated by a Fannie Mae-financed loan. The transaction highlights the collaboration of several key brokers and mortgage professionals, ensuring a successful deal for both the buyer and seller.
Players
Georgetown 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