Updated Oct 28, 2024
Kajani Capital Group Acquires Multifamily Property In Houston
FM 1960 & T C Jester Boulevard, Texas, USA
Building Size
—
Asset Type
MultiFamily
Closing
Sep 15, 2021
About this deal
AI
13.25 acres of multifamily property located at FM 1960 & TC Jester in Houston have been sold. The transaction took place on September 15, 2021.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: Not specified
- Address: FM 1960 & TC Jester
- Market: Houston
- Acres: 13.25
Kajani Capital Group has acquired the property. The sale was facilitated by Kristen McDade and Matthew Davis, representing Cushman & Wakefield.
Traded’s record for FM 1960 & T C Jester Boulevard, Texas, USA in Houston, Texas covers a multifamily sale from 2021. FM 1960 & T C Jester Boulevard, Texas, USA is classified as Multifamily on Traded. Matthew Davis, Kristen McDade, Ariel Property Advisors, Cushman & Wakefield appear on the sale alongside Ariel Property Advisors, Cushman & Wakefield. This page is the Houston, Texas file for the FM 1960 & T C Jester Boulevard, Texas, USA multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Houston sit in the Market section below. Filter that Houston multifamily set by closing date to see what else sold near FM 1960 & T C Jester Boulevard, Texas, USA around 2021. Cite this Kajani Capital Group Acquires Multifamily Property In Houston sale when underwriting similar multifamily product around Houston, Texas.
Players
Houston 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