Carter Funds Sells 16 Multifamily Properties In Southeastern US For $394M
Southeastern
$394,000,000
Building Size
—
Asset Type
MultiFamily
Closing
Sep 28, 2021
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.
Players
Monahans MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
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