Chicago Pacific Founders Acquires Seniors Housing Property In Houston For $Undisclosed
19400 Space Center Boulevard, Houston, TX 77058
Building Size
340,334 SF
Asset Type
Other
Closing
May 20, 2021
About this deal
AI
A seniors housing asset located at 19400 Space Center Blvd in Houston has been sold. The transaction took place on 05/21/2021, and the property consists of 100 units. The buyer of the property is Chicago Pacific Founders, CPF Living Communities, & Grace Management Inc.
Summary of transaction details:
- Property Type: Seniors Housing
- Transaction Date: 05/21/2021
- Address: 19400 Space Center Blvd
- Market: Houston
- Units: 100
- Buyer: Chicago Pacific Founders, CPF Living Communities, & Grace Management Inc.
The sale of this seniors housing property at 19400 Space Center Blvd in Houston was completed on 05/21/2021. Chicago Pacific Founders, CPF Living Communities, & Grace Management Inc. acquired the property.
Players
Houston Other Market Snapshot
Boundary boundary · Other · Sale transactions
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Deal FAQ
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