facebook
Traded Co logo
Submit
Daily limit: 0/10

Matt Sharp Of Hamilton Point Investments Acquires Houston Multifamily Portfolio For $195M

Property Image
SOLD
$195,000,000

Texas

See Similar Deals
MultiFamily
Sold 07/02/2024
the dealdetailscomps
Property Image
SOLD

Matt Sharp Of Hamilton Point Investments Acquires Houston Multifamily Portfolio For $195M

MultiFamily
Sold 07/02/2024
the dealdetailscomps

Summary

Asset Type:MultiFamily
Transaction Type:Sale

The Multifamily Portfolio in Houston, Cypress & Katy has been acquired by Hamilton Point Investments for $195,000,000. The portfolio comprises four properties totaling 1,174 units built in 2022.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $195,000,000
  • Units: 1,174
  • Price Per Unit: $166,099
  • Market: Houston, Cypress & Katy
  • Buyer: Matt Sharp - Hamilton Point Investments

The acquisitions were from a Texas-based developer and were completed between May and June. Hamilton Point Investments aims to leverage future population and employment growth to stabilize and increase property values in the coming years.

Details

SOLD
IMAGE: Matt Sharp DATE: 07/02/2024 ADDRESS: Multifamily Portfolio MARKET: Houston, Cypress & Katy ASSET TYPE: Multifamily BUYER: Matt Sharp - Hamilton Point Investments SALE PRICE: $195,000,000 UNITS: 1,174 ~ PPU: $166,099 NOTE: Hamilton Point Investments (HPI) has acquired a Houston apartment portfolio consisting of four properties totaling 1,174 units built in 2022, purchased from a Texas-based developer for $195 million. The acquisitions, completed between May and June, reflect HPI's strategy to capitalize on Texas' multifamily market correction, with plans to leverage future population and employment growth to stabilize and increase property values in the coming years.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$10,399,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$692,793.82
Cash-on-Cash Return-1.27%
Monthly Debt Service$924,399.48
Annual Debt Service$11,092,793.81