MultifamilyOwned
The Arbor at Westlake
6600 Westlake Blvd, Dallas, TX
- Size
- 276 units
- Year built
- 2012
- Acquired
- 10/05/21
- Basis
- $61.0M
- Fund
- Fund II
- Region
- Southwest
- Manager
- Greystar
- Accounting system
- RealPage
T12 NOI
$3.2M
+3.4% vs prior T12
Occupancy
93.8%
As of Aug 2026 rent roll
NOI / unit
$11,743
Trailing 12 months
Yield on cost
5.31%
T12 NOI / purchase price
DSCR
1.40x
Above 1.20x covenant
Monthly NOI
Sep 25 to Aug 26Sep
Oct
Nov
Dec
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Debt
- Lender
- Freddie Mac
- Balance
- $42,700,000
- Rate
- 3.55%
- Structure
- 30-yr amort
- Maturity
- 11/01/31
- Annual debt service
- $2,315,230
- LTV on basis
- 70.0%
T12 income statement
PropLake standard chart of accounts · mapped from RealPage| Revenue | ||
| 4010Rental Income | $5,706,517 | 12 bronze rows |
| 4020Other Income | $227,869 | 12 bronze rows |
| 4030Vacancy Loss | ($288,509) | 12 bronze rows |
| Total revenue | $5,645,877 | |
| Operating expenses | ||
| 5010Payroll | $482,312 | 12 bronze rows |
| 5020Repairs & Maintenance | $334,893 | 12 bronze rows |
| 5030Utilities | $289,385 | 12 bronze rows |
| 5040Property Taxes | $529,209 | 12 bronze rows |
| 5050Insurance | $192,439 | 12 bronze rows |
| 5060Management Fees | $240,993 | 12 bronze rows |
| 5070Marketing | $95,870 | 12 bronze rows |
| 5080General & Administrative | $239,699 | 12 bronze rows |
| Total operating expenses | $2,404,800 | |
| Net operating income | $3,241,077 | |
| Below NOI | ||
| 6010Interest Expense | $1,515,852 | 12 bronze rows |
| 6020Capital Expenditures | $159,641 | 12 bronze rows |
| Net cash flow | $1,565,584 | |