AXA IM Alts Acquires Student Housing In Florence, Italy For €40M
Piazza Di San Marco, 4, 50121 Florence, Firenze Metropolitan City Of Florence, Italy
$40,000,000
Building Size
—
Asset Type
Other
Closing
Dec 6, 2021
About this deal
AI
AXA IM Alts – Isabelle Scemama has acquired a student housing property located at P.za di San Marco, 4, 50121 Firenze, Florence, Italy. The transaction was completed on 06/12/2021 for a purchase price of €40,000,000. The vendor of the property was CDS Holding.
Summary of transaction details:
- Property Type: Student Housing
- Transaction Amount: €40,000,000
- Address: P.za di San Marco, 4, 50121 Firenze, Florence, Italy
Isabelle Scemama, representing AXA IM Alts, acted as the purchaser in this deal.
The other sale at Piazza Di San Marco, 4, 50121 Florence, Firenze Metropolitan City Of Florence, Italy in Florence, Tuscany sold for $40M in 2021. Piazza Di San Marco, 4, 50121 Florence, Firenze Metropolitan City Of Florence, Italy is classified as Other on Traded. This page is the Florence, Tuscany file for the Piazza Di San Marco, 4, 50121 Florence, Firenze Metropolitan City Of Florence, Italy other sold: pricing, party profiles, and other closed other comps from the same Florence sit in the Market section below. Filter that Florence other set by closing date to see what else sold near Piazza Di San Marco, 4, 50121 Florence, Firenze Metropolitan City Of Florence, Italy around 2021. Published consideration for Piazza Di San Marco, 4, 50121 Florence, Firenze Metropolitan City Of Florence, Italy is $40M, dated 2021. Cite this AXA IM Alts Acquires Student Housing In Florence, Italy For €40M sale when underwriting similar other product around Florence, Tuscany.
Players
Florence Other Market Snapshot
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.40%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93