Updated Aug 25, 2026
Tides Equities Acquires 88,336 SF Multifamily Property for $17,729,212
9450 Royal Lane
$17,729,212
$200/SF
Building Size
88,336 SF
Asset Type
MultiFamily
Closing
Apr 29, 2022
About this deal
AI
The property involved in this transaction is located at 9450 Royal Lane in the Dallas market. It encompasses a multi-family asset with a total square footage of 88,336 and consists of 117 units. The transaction amount for this asset is $17,729,212.00.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $17,729,212.00
- Address: 9450 Royal Lane
- Market: Dallas
- Square Footage: 88,336
- Units: 117
- Buyer: Tides Equities
- Seller: Pennybacker
- Brokers: Raphael David Jajati - Capital Property Partners, Daniel Rahmani - Capital Property Partners
This transaction involved Tides Equities as the buyer, purchasing the property from Pennybacker. The brokerage representation for this deal was provided by Raphael David Jajati and Daniel Rahmani, both associated with Capital Property Partners.
Players
Dallas 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
0.89%
Cash-on-Cash
-0.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93