Bob Faith Of Greystar Acquires Senior Housing Asset From Keith Lampi Of Inland Private Capital
1354 Thorpe Lane
Building Size
—
Asset Type
Senior Housing
Closing
Aug 20, 2024
AI
The property involved in the transaction is located at 1354 Thorpe Lane in the San Marcos market. It is classified as senior housing and consists of 316 units, providing a total of 512 beds. The specific financial details of the transaction have not been disclosed.
Summary of transaction details:
- Property Type: Senior Housing
- Transaction Amount: Not disclosed
- Units: 316
- Beds: 512
- Buyer: Bob Faith - Greystar
- Seller: Keith Lampi - Inland Private Capital
- Brokers: Peter Katz & Tim Speck - Institutional Property Advisors - Marcus & Millichap
In this transaction, Bob Faith represents Greystar as the buyer, while Keith Lampi represents Inland Private Capital as the seller. Peter Katz and Tim Speck, from Institutional Property Advisors at Marcus & Millichap, facilitated the deal as brokers involved in the transaction.
Players
San Marcos Senior Housing Market Snapshot
Boundary boundary · Senior Housing · 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