Updated Dec 21, 2023
CAF Cos. And Goldman Sachs Asset Management Acquire Multifamily Portfolio In Texas - Chris Faulkner, Matt Falkin, And Sherry Wang
Texas, United States
Units
3,800
Asset Type
MultiFamily
Closing
May 12, 2022
About this deal
AI
A multifamily portfolio in Texas, consisting of 3,800 units, has been sold in a recent transaction. The sale took place on 12/05/2022, with Chris Faulkner, Matt Falkin, and Sherry Wang overseeing the deal. The buyer of the portfolio includes CAF Cos., represented by Chris Faulkner and Matt Falkin, as well as Goldman Sachs Asset Management's Urban Investment Group, represented by Sherry Wang.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: Not specified
- Address: Multifamily Portfolio
- Market: Texas
- Units: 3,800
This sale showcases the collaborative effort between CAF Cos. and Goldman Sachs Asset Management's Urban Investment Group. Chris Faulkner, Matt Falkin, and Sherry Wang played key roles in representing their respective organizations in this successful transaction.
Players
Blanket MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
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