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1354 Thorpe Lane

Bob Faith Of Greystar Acquires Senior Housing Asset From Keith Lampi Of Inland Private Capital
SOLDSenior Housing

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:

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

Tim Speck

Marcus & Millichap

Broker

$262M

vol

20 deals

Broker

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