SAN ANTONIO — Dallas-based developer Carbon Cos. has completed Greyson Luxury Living, a 291-unit community located at 1734 N. Loop 1604 West on San Antonio’s north side. Units come in one-, two- and three-bedroom layouts and feature stainless steel appliances, quartz countertops, individual washers and dryers and patios or balconies. Residents have access to amenities such as a pool, fitness center and dog wash station. Monthly rates start at roughly $1,300 for a studio apartment.
DALLAS-FORT WORTH — An affiliate of Miami-based investment firm Atlantic Pacific Cos. has received Freddie Mac agency loans totaling $112.4 million for the refinancing of three communities in the Dallas-Fort Worth metropolitan area. The financing consists of a $40 million loan for Atlantic Stonebriar, a 294-unit asset located in The Colony, about 30 miles north of Dallas; $42.3 million in debt for Atlantic McKinney, a 343-unit community in McKinney, which is also roughly 30 miles north of Dallas; and a $30.2 million loan for Atlantic Station, a 324-unit development in …
SAN MARCOS, TEXAS — Cleveland-based developer The NRP Group has opened Centro35, a 330-unit affordable housing asset in San Marcos, approximately 50 miles northeast of San Antonio. The NRP Group developed the community in partnership with Capital Area Housing Finance Corp. Centro35 offers one-, two-, three- and four-bedroom apartments for households earning 60 percent or less of the area median income. Amenities include a pool, conference center with individual work pods, fitness center, children’s activity room and a game room. The project was financed with tax credit equity from Huntington …
BURLESON, TEXAS — A joint venture between NewStreet Properties LLC and Thane Partners has acquired The Riley, a 178-unit property in Burleson, approximately 16 miles south of Fort Worth, Texas. Recently completed in 2023, The Riley offers amenities such as a pool, dog spa and park, fitness center, wine bar, Uber pick-up lounge, game area with shuffleboard and a clubhouse with an activity center and coworking offices. Corsair Ventures sold the asset for an undisclosed price. Grant Raymond and Asher Hall of Cushman & Wakefield represented the seller in the …
HOUSTON — Palladium USA has begun the construction of Palladium Park Row Katy Living, a $33 million project in Houston. Once completed, the property will feature 93 units in one-, two- and three-bedroom layouts. Amenities will include a pool, fitness center, conference center, dog park, business center, children’s playroom and clubhouse with a mini kitchen. Palladium USA expects to deliver the first units, as well as the clubhouse, in December 2025. Pre-leasing is slated to begin in the fall of 2025. The development is the result of a public-private partnership …
SAN ANTONIO — Rosewood Property Co. has secured a loan for the refinancing of Ventura Ridge, a 482-unit property located at 5602 Presido Parkway in San Antonio. John Brownlee, John Bauman and Scott Cole of JLL Capital Markets arranged the financing through New York Life. Built in 2015, Ventura Ridge spans 406,759 square feet across four stories. The community offers a mix of one-, two- and three-bedroom apartments with an average size of 844 square feet. Units feature 10-foot ceilings, walk-in closets, patios and balconies, Wi-Fi-connected thermostats, kitchen islands, granite countertops and Bluetooth …
BEE CAVE, TEXAS — AvalonBay Communities has acquired Brisa Townhomes, a townhome community located at 4810 Brisa Way in Bee Cave, approximately 15 miles west of Austin. Patton Jones and Andrew Dickson of Newmark Multifamily Capital Markets represented the undisclosed seller in the deal. The sales price was also not disclosed. Brisa Townhomes was built on 17 acres in 2022. The two-story community offers three- and four-bedroom units. Each townhome includes a direct access, two-car garage. Residents have access to amenities such as a pool, outdoor kitchen with grills, private conference room, fitness …
LUBBOCK, TEXAS — Seattle-based LEDG Capital has completed the $12 million renovation of Southstead, a 244-unit mixed-income property in Lubbock. Southstead was constructed in phases in the 1970s. The community consists of 11 two-story buildings and 14 single-story buildings on a 20-acre site. Of the total unit count, 100 are available at market rates. In addition to upgrading kitchens, bathrooms and HVAC systems, LEDG Capital renovated the community with new roofs, painting, pathways, parking areas, a playground and trash enclosures. Merchants Capital financed the project, which lasted 11 months. According …
Amenities are the personality of a multifamily property. They proclaim a community’s individuality and lure tenants with promises of a fun, relaxing or convenient lifestyle. What counts as a multifamily amenity today? If most renters and homeowners are accustomed to robust Wi-Fi or controlling their heating and air conditioning through their phones, is a smart thermostat or bulk internet something to advertise as an “extra,” or are these features a given nowadays, like a fridge or a microwave? “Want versus need is a spectrum when it comes to multifamily amenities,” …
LOS ANGELES AND NEW YORK CITY — Standard Communities has acquired a portfolio of 60 affordable housing communities totaling roughly 6,000 units for $1 billion. The portfolio consists of traditional multifamily and seniors housing assets in Texas, Arizona, Colorado and California. The undisclosed seller developed many of the properties in roughly 2002. Standard states that it will invest more than $30 million in capital improvements and deferred maintenance across the portfolio. According to the company, no tenants will be displaced during renovations. Standard says negotiations with multiple government agencies, including HUD, Fannie Mae, Freddie …
