Kushner Properties Acquires Multifamily Portfolio In Tomball, Cypress & Lake Houston For $200M
Tomball, Texas, United States
$200,000,000
Building Size
—
Asset Type
MultiFamily
Closing
Dec 23, 2021
AI
The multifamily portfolio in Tomball, Cypress, and Lake Houston was recently sold for $200,000,000. The property consists of 1,072 units, with an average price per unit of $186,567. The sale was facilitated by the brokerage firm Berkadia, representing the buyer, Kushner Properties, led by Laurent Morali, Nicole Kushner Meyer, and Riley Wilson. The transaction was financed by Freddie Mac.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $200,000,000
- Address: Multifamily Portfolio
- Market: Tomball, Cypress & Lake Houston
- Buyer: Kushner Properties - Laurent Morali & Nicole Kushner Meyer & Riley Wilson
- Broker: Berkadia
- Lender: Freddie Mac
- Units: 1,072
- Price Per Unit: $186,567
The sale of the multifamily portfolio involved key individuals and companies. The buyer, Kushner Properties, is represented by Laurent Morali, Nicole Kushner Meyer, and Riley Wilson. The transaction was facilitated by the brokerage firm Berkadia. Financing for the deal was provided by Freddie Mac.
Players
Tomball 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
0.08%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93