Updated Oct 28, 2024
Carter Funds Sells 16 Multifamily Properties In Southeastern US For $394M
Southeastern
$394,000,000
Building Size
—
Asset Type
MultiFamily
Closing
Sep 28, 2021
About this deal
AI
Ray Hutchinson sold 16 multifamily properties in the Southeastern United States for a total of $394,000,000. The sale took place on September 29, 2021. The properties were part of an asset portfolio sold by Carter Funds.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $394,000,000
The seller of the properties was Ray Hutchinson, representing Carter Funds. Ray Hutchinson played a key role in the transaction as the representative of the seller. This significant sale demonstrates the strong demand for multifamily properties in the Southeastern United States market.
On the Map
$394,000,000
MultiFamily
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Players
Monahans 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
0.04%
Cash-on-Cash
-0.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93