GRAND PRAIRIE, TEXAS — Madera Residential has acquired Jefferson Cove, a 283-unit property completed in 2024, from TDI. Newmark’s Brian Murphy, Brian O’Doyle Jr. and Purvesh Gosalia arranged acquisition financing on behalf of Madera. Amenities include a pool, a game lawn, a clubhouse, controlled access parking, community-wide Wi-Fi and Luxer One package lockers.
ALLEN, TEXAS — Atlanta-based developer Wood Partners has broken ground in Allen on Alta Preserve, a 311-unit community located within The Farm mixed-use, master-planned development about 30 miles north of Dallas. Completion is slated for the second quarter of 2027. At build out, residents will have access to pocket parks, a 2.5-acre lake and 2.5 miles of hiking and biking trails that connect to the city’s broader trail system. Alta Preserve marks Wood Partners’ third phase of construction at The Farm. The firm completed Alta at The Farm in 2023, …
DENTON, TEXAS — The NRP Group has broken ground on Arbor Ranch, a 297-unit affordable housing community in the Dallas suburb of Denton. The $149 million project is slated for completion in 2027. Arbor Ranch is being developed in partnership with the Denton Housing Authority in order to provide rental homes affordable to families earning between 30 and 70 percent of area median income. According to guidelines set by the U.S. Department of Housing and Urban Development, the median income for a family of four in the Dallas metro area …
MCKINNEY, TEXAS — Palladium USA, a Dallas-based affordable, market-rate and mixed-use developer, has broken ground on Palladium Craig Ranch in the northeast Dallas suburb of McKinney. Located at 7909 Collin McKinney Parkway, the new community will include 327 one-, two- and three-bedroom apartments on approximately 4.7 acres. The Palladium Craig Ranch amenity package will consist of a resort-style pool with private cabanas, a hot tub, grills, string lighting and seating areas. In addition, an activity courtyard will include a fenced dog park with a pet drinking fountain, a fire table …
HOUSTON — Berkadia has arranged the sale of Green Tree Place, a 200-unit garden-style property in West Houston. California-based Kairos Investment Management sold the asset, built in 1984, for an undisclosed price. The buyer was Aligned Ventures, a Texas-based investment firm focused on acquiring and operating workforce housing. Berkadia’s Houston-based team representing Kairos was led by Chris Young, Chris Curry, Jeffrey Skipworth, Joey Rippel, Kyle Whitney and Jed Dalton.
LOS ANGELES — TruAmerica Multifamily has raised $708 million from investors that is being used to acquire $2 billion worth of workforce housing. Approximately $320 million has already been invested via the acquisition of 14 properties in nine cities. TruAmerica Workforce Housing Fund II will be used to buy Class B communities near major central business districts in markets that demonstrate supply-demand imbalances and limited inventory of attainable rental housing, according to the company. Target markets are located in the Southeast, Northeast, West Coast, Mountain West and throughout the Sun …
BROWNSVILLE, TEXAS — The Housing Authority of the City of Brownsville has opened El Jardin, an affordable housing LIHTC adaptive reuse project that converted a historic hotel, built in 1927, into 44 units of rental housing. Income caps range from 50 to 60 percent of area median income. Before the project began, the hotel sat vacant for 40 years. It operated as a hotel until the 1980s. Amenities at the renovated property include a fitness center, community garden, a play area, communal kitchen, barbecue and fitness area, a business center …
AUSTIN, TEXAS — The NRP Group, in partnership with Austin Independent School District (AISD), has broken ground on Phase I of the Anita Ferrales Coy school-to-housing redevelopment in East Austin. A school operated on the 18 acres at 4812 Gonzales St. from 1916 to approximately 2018, after which time the property was used as an alternative learning center. AISD selected The NRP Group as a redevelopment partner in 2023, and last year, AISD was relocated to prepare for redevelopment. The first phase includes 341 units, while the second phase, estimated …
SHERMAN, TEXAS — The NRP Group and Texahoma Housing Partners have opened and begun leasing Sutton Flats, a 300-unit mixed-income community in Sherman, 65 miles northeast of Dallas. Half of the units are reserved for households earning no more than 80 percent of area median income. Monthly asking rents across the community range from $1,132 to 1,540. Amenities include a fitness center, coworking spaces with conference rooms, a game room, clubhouse and lounge, resort-style pool and a dog park. Sutton Flats residents also may rent garage parking spaces. The NRP …
WAXAHACHIE, TEXAS — Minto Communities USA has acquired 3,170 acres in Waxahachie, 30 miles south of Dallas, where the Florida-based developer will build 13,270 new homes. Construction is expected to begin later this year followed by a multi-year buildout. The community will feature two residential districts — an active adult neighborhood and a traditional multifamily community — supported by approximately 140 acres of mixed‑use development. Plans include 750 multifamily units and 1.2 million square feet of retail and commercial space. Minto is planning amenities such as a town center, 400 …
