Texas

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ColoradoCompany NewsNewsOperationsTexasWestern

The Paskin Group Selects Asset Living to Manage 17-Property Portfolio

by Lynn Peisner

HOUSTON, TEXAS — Asset Living has assumed management of a 17-property portfolio owned by The Paskin Group. Thirteen of the 17 communities are in Texas and transitioned to Asset Living’s managed portfolio on May 13. The remaining properties are in Colorado. Asset Living will assume management of those communities in August. The Paskin Group is a Santa Barbara, California-based real estate investment company focused on acquiring value-add multifamily properties. Asset Living was ranked second in the National Multifamily Housing Council’s 2026 Top 25 with 288,665 units under management. The Houston-based …

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FinanceInvestment SalesNewsSoutheastTexas

Hilltop Residential Closes $288M Fund

by Lynn Peisner

HOUSTON — Hilltop Residential, an owner of multifamily real estate that operates across 15 markets in the southeastern United States, has closed Hilltop Growth Fund VI with $288 million in total commitments. Hilltop will seek value-add assets in business-friendly markets demonstrating population and job growth. The investor base includes endowments and foundations, financial institutions, insurance companies, national registered investment advisor (RIA) platforms and family offices. Hilltop expects Fund VI to acquire approximately $1.5 to $2 billion in gross asset value. Through the fund, nine assets have been acquired to date, …

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Sanara-Austin
Affordable HousingDevelopmentNewsTexas

The NRP Group Breaks Ground on Sanara, an Affordable Housing Community in Austin

by Lynn Peisner

AUSTIN, TEXAS — The NRP Group, alongside the Housing Authority of Travis County, has broken ground on Sanara, a 348-unit affordable housing community in Southeast Austin. All apartments will be rent restricted to 60 percent of area median income. Located at 4401 E. Slaughter Lane, the development will span 13 three-story residential buildings across a 56-acre site. The community will include 12 one-bedroom units, 120 two-bedroom units, 144 three-bedroom units and 72 four-bedroom units. Sanara also will provide residents a 24-hour fitness center, business center with coworking space, clubhouse with a …

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In-Town-Lubbock
Affordable HousingArchitecture & DesignDevelopmentNewsTexas

Former Mid-Century Motor Lodge in Downtown Lubbock, Texas, Opens as Affordable Housing Community

by Lynn Peisner

LUBBOCK, TEXAS — Housing Trust Group (HTG), AM Affordable Housing and Thoman and Butler have completed and opened the redevelopment of the In Town Inn, a mid-century motor lodge, into a new affordable housing community. Located at 1202 Main Street in downtown Lubbock, the 56-unit community serves residents earning at or below 30, 50, 60 and 80 percent of area median income. Built in 1964, the property functioned as a motel until the 1990s when it became the Jim Kimmel Center rehab facility. HTG acquired the property in 2023. Wallace …

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Northwood-New-Braunfels
Investment SalesNewsTexas

PCC Buys Northwood Apartments in Metro San Antonio

by Lynn Peisner

NEW BRAUNFELS, TEXAS — Denver-based Platte Canyon Capital (PCC) has acquired Northwood Apartments, a 252-unit community in the New Braunfels submarket of San Antonio. The property was purchased from the original developer, which owned the asset since it was constructed in 1998. A second phase was built in 2017. This is PCC’s second acquisition in the San Antonio market with an undisclosed Los Angeles-based investment manager. The two entities are aiming to invest $100 million of equity in multifamily acquisitions. In 2025, the partners bought the 268-unit Allure Apartments in …

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FinanceNewsTexas

Marcus & Millichap Arranges $54M Refinancing for Lakeview at Westpark in Metro Houston

by Lynn Peisner

RICHMOND, TEXAS — Marcus & Millichap has arranged a $54 million HUD refinancing for Lakeview at Westpark, a 298-unit property in Richmond, 30 miles southwest of Houston. Brandon Brown of Marcus & Millichap’s Houston office led the transaction, representing Rockstar Capital. The financing was secured through KeyBank at a fixed rate of 5.3 percent with 35 years of amortization. Rockstar, a Houston-based, privately owned multifamily real estate investment and property management company, acquired Lakeview at Westpark in 2022. The asset was developed in 2021.

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Westermark-Sugar-Land
DevelopmentFinanceNewsTexas

Elm Real Estate Group Secures Construction Financing for The Westermark in Sugar Land, Texas

by Lynn Peisner

SUGAR LAND, TEXAS — Patterson Real Estate Advisory Group has arranged a construction loan for The Westermark, a 165-unit project in the southwestern Houston suburb of Sugar Land. The Westermark will consist of two five-story buildings containing studio, one-, two- and three-bedroom units. Amenities will include a pool, fitness center, resident lounge and coworking space. Wintrust Commercial Real Estate provided the loan to the developer, Elm Real Estate Group, which is an affiliate of Indianapolis-based KCG Cos. Neither a construction timeline nor the loan amount was disclosed.

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The-Buckley-Plano
DevelopmentNewsOperationsTexas

Rosewood Property Co. Begins Leasing at The Buckley in Plano, Texas

by Lynn Peisner

PLANO, TEXAS — Dallas-based Rosewood Property Co. and development partner MetLife Investment Management have begun leasing at The Buckley, a 338-unit community located at 600 Kissimmee Drive within Plano’s Heritage Creekside mixed-use development. The four-story mid-rise is comprised of studios, one-, two- and three-bedroom units and amenities such as a resort-style pool, multiple lounge areas, a club lounge and card room, a fitness center with individual workout pods, coworking areas within a library setting, a dog park and courtyards. The 156-acre Heritage Creek was also developed and is owned by …

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Investment SalesNewsTexas

Eastham Capital Sells University Green Apartments in Houston

by Lynn Peisner

HOUSTON — Eastham Capital, a Boca Raton, Florida-based private equity real estate firm, has sold University Green Apartments in Houston to a private buyer for an undisclosed sum. Eastham Capital Fund V acquired the 194-unit community in 2018. During the hold period, Eastham renovated units, exteriors and amenity spaces. At the time of disposition, University Green Apartments was approximately 97 percent occupied, with rents having increased from $739 at the time of acquisition to $1,040.

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Park-Residences-Plano
Active AdultInvestment SalesNewsTexas

Colliers Arranges Sale of Park Residences Plano

by Lynn Peisner

PLANO, TEXAS — Colliers has arranged the sale of Park Residences Plano, a 318-unit active adult community at 1109 Park Vista Road in Plano. Danny Miller of Colliers represented the undisclosed seller in the deal. The asset was purchased by an unidentified buyer. Completed in 2023 and situated on 31 acres, Park Residences Plano consists of 156 cottage-style residences and a 162-unit mid-rise building, offering one- and two-bedroom floor plans. A 10,000-square-foot clubhouse anchors the property, offering fitness, a 50-seat movie theatre, a hair salon and social spaces. Outdoor amenities …

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