Updated Oct 28, 2024
Tides Equities Acquires Multifamily Portfolio In Dallas For $217.5M
8359 Harwood Road
$217,500,000
Units
1,263
Asset Type
MultiFamily
Closing
Jun 1, 2020
About this deal
AI
The multifamily property located at 8359 Harwood Road North Richland Hills, 700 E. Ash Ln. Euless, 620 W. Westchester Pkwy. Grand Prairie & 621 Cowboys Pkwy. Irving in Dallas, TX has been sold in a transaction involving Tides Equities, Norstar, and Northmarq. The sale price for the property was $217,500,000 with a total of 1,263 units. This amounts to a price per unit of $172,209.
Summary of transaction details:
- Property Type: Multifamily
- Sale Price: $217,500,000
- Units: 1,263
- Price Per Unit: $172,209
- Buyer: Tides Equities (@TidesEquities)
- Seller: Norstar
- Brokers: Northmarq
Tides Equities, represented by Kia Sean and Ryan Andrade, acquired the property from Norstar. The transaction was facilitated by Northmarq.
On the Map
$217,500,000
MultiFamily
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Players
North Richland Hills 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
0.07%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93