Updated Oct 28, 2024
Laye Capital Investments Acquires 312-Unit Multifamily In Missouri City, TX
8811 Sienna Springs Boulevard, Missouri City, Texas 77459, United States
Units
312
Asset Type
MultiFamily
Closing
Jul 18, 2022
About this deal
AI
The multifamily property located at 8811 Sienna Springs Boulevard in Missouri City, TX, has been sold. The transaction took place on 07/19/2022. The property consists of 312 units and is owned by Thompson Thrift Residential, represented by Josh Purvis. Laye Capital Investments acquired the property. The deal was facilitated by David Mitchell of Newmark.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: Not specified
- Address: 8811 Sienna Springs Boulevard
- Market: Missouri City, TX
- Units: 312
Josh Purvis, representing Thompson Thrift Residential, played a key role in the transaction. Laye Capital Investments successfully acquired the property with the assistance of David Mitchell from Newmark.
Players
Missouri City 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