Updated Dec 4, 2024
Vesper Holdings Acquires 33 North Student Housing Community In Denton, Texas
919 Eagle Drive
Building Size
—
Asset Type
Senior Housing
Closing
Oct 12, 2023
About this deal
AI
Vesper Holdings has acquired the 427-bed student housing community known as 33 North in Denton, Texas. The property, located at 919 Eagle Drive, spans across 2.2 acres and offers one- to four-bedroom units. Situated near the University of North Texas, this student housing complex presents an excellent investment opportunity in the Denton market.
Summary of transaction details
- Property Type: Student Housing
- Transaction Amount: Not specified
- Beds: 427
- Acres: 2.2
- Market: Denton
In this transaction, Vesper Holdings, represented by Elliot J. Tamir, acted as the buyer. On the seller's side, Nuveen Real Estate, represented by Jose Minaya, facilitated the sale of 33 North. The lending institution involved in the deal was KeyBank.
On the Map
Senior Housing
View full map
Players
Goshen Senior Housing Market Snapshot
Boundary boundary · Senior Housing · Sale transactions
Loading comparables…
Deal FAQ
Browse Goshen senior housing sales on Traded.
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