Updated Aug 25, 2026
SOLDMultiFamily
Tides Equities Acquires 297,385 SF Multifamily Property For $51,520,787
9505 Royal Lane
$51,520,787
$173/SF
Building Size
297,385 SF
Asset Type
MultiFamily
Closing
Apr 29, 2022
About this deal
AI
The property asset involved in the transaction is a multi-family residential building located at 9505 Royal Lane in the Dallas market. The asset consists of 340 units and encompasses a total square footage of 297,385. The sale price for this property was $51,520,787.00.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $51,520,787
- Address: 9505 Royal Lane
- Market: Dallas
- Square Footage: 297,385
- Units: 340
- Buyer: Tides Equities
- Seller: 9505 Royal Lane LP
- Broker Representatives: Raphael David Jajati - Capital Property Partners, Daniel Rahmani - Capital Property Partners
The key individuals and companies involved in this transaction include the buyer, Tides Equities, and the seller, 9505 Royal Lane LP. The transaction was facilitated by broker representatives Raphael David Jajati and Daniel Rahmani from 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
0.31%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93