Robert E. Hart Of TruAmerica Multifamily Acquires 280-Unit Dominion Park Apartments In San Antonio
9835 Fredericksburg Road
Building Size
—
Asset Type
MultiFamily
Closing
Jul 1, 2025
AI
The property involved in the transaction is the Dominion Park Apartments, a multi-family asset consisting of 280 units located at 9835 Fredericksburg Road in San Antonio. The market for this asset is San Antonio, and it was sold to the buyer without the sale price disclosed.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: Undisclosed
- Units: 280
- Address: 9835 Fredericksburg Road
- Market: San Antonio
- Buyer: Robert E. Hart - TruAmerica Multifamily
- Broker: Northmarq
The deal was facilitated by Northmarq, which arranged both the sale and the acquisition financing for TruAmerica Multifamily. Additionally, the company plans to renovate unupgraded units within the property following the acquisition.
Players
San Antonio 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