DALLAS — Crow Holdings has obtained a $380.2 million refinancing loan for a five-property portfolio totaling 1,549 units in Texas, Colorado and Virginia. Each was developed by Trammell Crow Residential in partnership with Crow Holdings. CBRE’s Dallas-based Andy Scott, Michael Cosby, Kris Lowe, Tom Burns and Bo Beidleman arranged the financing through AllianceBernstein. The assets include Alexan Lower Greenville in Dallas, Alexan Braker Pointe and Alexan Waterloo in Austin, Texas, Alexan Julian in Denver and Alexan Florence in Alexandria, Virginia. Trammell Crow Co. is owned by CBRE. Crow Holdings is …
Texas
SAN ANTONIO — CBRE has arranged a refinancing loan on behalf of Cambridge Development Group, the Houston-based owner of Citadel Urban in San Antonio. The 181-unit community is located in the Westover Hills submarket and was completed in 2024. Loan proceeds will be used to retire existing construction financing. Citadel Urban consists of two three-story buildings containing one- two- and three-bedroom units on 5.5 acres. CBRE’s John Fenoglio and Brock Hudson arranged the loan.
PFLUGERVILLE, TEXAS — Haven Housing has acquired Wells Park Apartments, a 264-unit garden-style community in the Austin suburb of Pflugerville. The seller and sales price were not disclosed. Haven Housing is the affordable and multifamily housing division of Los Angeles-based BH Properties, which launched in 2025. Walker & Dunlop’s Kevin Dufour, Matt Pohl, Spencer Roy and Forrest Bass represented Haven in the deal. Located at 15001 Strathaven Pass and built in 2018, Wells Park is comprised of one-, two- and three-bedroom units as well as a resort-style pool, fitness center …
Berkadia Arranges $124.7M Refinancing for HGI’s Alesio Urban Center in Irving, Texas
IRVING, TEXAS — Berkadia has arranged a $124.7 million refinancing loan for Alesio Urban Center, a mixed-use community with 908 units and 55,499 square feet of commercial space in the Las Colinas mixed-use planned community in Irving. The sponsor was Harbor Group International (HGI). The loan proceeds will be used to retire the existing mortgage and cover closing costs. The property was developed in two phases between 1987 and 1995. HGI acquired the asset in 2021. Alesio Urban Center spans 17.3 acres and consists of 14 three- to six-story residential …
FORT WORTH, TEXAS — Franklin Street has brokered the sale of The Reserve on Willow Lake, a 138-unit property at 4101 South Hulen St. in Fort Worth. Santa Barbara, California-based The Paskin Group was the seller, who had held the property for about 10 years. The buyer was Dallas-based Willowood Group. The asset was built in 1996. Chibuzor Nnaji served as lead broker for Franklin Street, assisted by Tyler Bynum and Jack Williams. The property is comprised of two- and three-bedroom apartments and townhomes and amenities such as a fitness …
RED OAK, TEXAS — CESM Real Estate has sold Emerson at Red Oak, a 306-unit community in Red Oak, approximately 20 miles south of Dallas. The buyer was Phoenix-based Professional Equity Management, while IPA arranged the transaction on behalf of the locally based seller. Completed in 2023, Emerson at Red Oak is a two-story, townhome-style property with a resort-style pool, fitness center, picnic and grilling areas, dog park, game room and business center. Apartments have full-size washers and dryers, stainless-steel appliances, built-in mudrooms and large closets. The average unit size …
PLANO, TEXAS — Dallas-based StreetLights Residential has broken ground on Parks at Legacy West, a 22-story luxury high-rise at 6501 Legacy Drive in Plano. The development, located within the 100-acre former J.C. Penney headquarters campus, will include 261 one-, two- and three-bedroom units and three adjacent three-bedroom rental townhomes. The retailer was based at the site from 1992 until 2020. Legacy West, a 240-acre mixed-use development, is across the street. Amenities include a three-tiered, resort-style pool with private cabanas equipped with TVs; a sky lounge with dining area, card room, …
FORT WORTH, TEXAS — Newmark has arranged the sale, acquisition financing and equity capitalization of Centreport Lake, a 452-unit community in Fort Worth’s CentrePort neighborhood. Richard Furr, Brian Murphy and Brian O’Boyle Jr. represented the seller, Marlin Spring US Realty, in the transaction. Henry Stimler and Ricky Warner arranged acquisition financing and equity capitalization on behalf of the buyer, whose identity was not disclosed. Located at 14301 Center Station Drive, Centreport Lake was constructed in 2008 on a 24-acre site. At the time of sale, the community was 91 percent occupied.
HOUSTON — Interurban Cos. has sold Harper’s Mill, a 180-unit property built in 1984, to 12ten Capital for an undisclosed sum. Located in Northwest Houston, Harper’s Mill is comprised of a mix of one- and two-bedroom floor plans, including one-bedroom townhomes. The Berkadia Houston Investment Sales team representing Centennial, Colorado-based Interurban was led by Kyle Whitney, Chris Curry, Jeffrey Skipworth, Chris Young, Joey Rippel, Jed Dalton and Tucker Fama. Brad Williamson, Mitch Sinberg, Scott Wadler, Matthew Robbins and Kyle Ryan of Berkadia Miami and Boca Raton secured the financing on …
Brixton Capital Obtains $40.9M Acquisition Loan for Allura Las Colinas in Irving, Texas
IRVING, TEXAS — California-based Brixton Capital has secured a $40.9 million loan for the acquisition of Allura Las Colinas, a 288-unit property in Irving. A team from JLL, led by Aldon Cole, Tony Nargi, Jacob Martin, Caden Cramer and Dustin Dulin represented Brixton in obtaining the financing. Allura Las Colinas, located at 6445 Love Drive in Irving’s Las Colinas submarket, was built in 2003 and features a mix of one-, two- and three-bedroom floor plans. Amenities including a pool with a sun deck, 24-hour fitness center, clubhouse, gated dog park, …