Texas

Sutton-Flats-Sherman
Affordable HousingDevelopmentLeasing & MarketingNewsOperationsTexas

The NRP Group Opens 300-Unit Mixed-Income Property North of Dallas

by Lynn Peisner

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 …

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Minto-Waxahachie
DevelopmentInvestment SalesNewsTexas

Minto Communities USA Buys 3,170 Acres in Dallas Metro for Master-Planned Project

by Lynn Peisner

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 …

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DevelopmentNewsTexas

Trammell Crow, Haseko Plan Allora Fallbrook in Houston

by Lynn Peisner

HOUSTON — A joint venture comprised of Trammell Crow Residential and Haseko North America will develop Allora Fallbrook in Northwest Houston. Completion of the 366-unit community is slated for 2027. The four-story property will feature a mix of one- and two-bedroom floor plans highlighted by such amenities as a resort-style pool, a fitness center, clubhouse and outdoor gathering spaces. Haseko North America, based in Irvine, California, is the subsidiary of Haseko Corp., a Japanese residential construction firm.

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West-Virginia-Park
Affordable HousingDevelopmentNewsTexas

FTK Completes $13.6M Rehab of Dallas Affordable Housing Property

by Lynn Peisner

DALLAS — FTK Construction Services has completed the $13.6 million renovation of West Virginia Park, a 204-unit LIHTC property in Dallas. The property owner is April Housing, a subsidiary of Blackstone Real Estate. Renovations at the 204-unit community included new paint, cabinetry, countertops, plumbing, appliances, flooring, lighting, HVAC and water heaters. Common areas were freshly painted, and landscaping and amenity updates also were provided.

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Eastline-Dallas
Investment SalesNewsTexas

Kushner Buys Dallas Luxury High-Rise Eastline Residences

by Lynn Peisner

DALLAS — Kushner has acquired Eastline Residences, a 330-unit, 28-story high-rise in Dallas. Northmarq’s Dallas-based Taylor Snoddy, Eric Stockley and Charles Hubbard arranged the deal on behalf of the seller, Convexity Properties. Convexity, a subsidiary of DRW, developed the community in 2021. The sales price has not been publicly disclosed, but, according to Northmarq, the trade reflected the second-largest residential sale in the metro area since 2022. Floors 25 through 28 feature penthouses with upgraded finishes and asking rents of approximately $6,500 per month. Amenities include a rooftop pool, a …

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Knox-Street-Dallas
DevelopmentNewsTexas

Joint Venture Team Tops Out Dallas’ Knox Street Mixed-Use Project

by Lynn Peisner

DALLAS — BDT & MSD Partners and Trammell Crow Co. have topped out the Knox Street mixed-use project under construction in Dallas. Knox Street includes The Lora, a 27-story, 186-unit apartment tower, as well as 150,000 square feet of office space, 100,000 square feet of retail, a half-acre park and The Knox Hotel and Residences, a 140-room hotel and 47 luxury for-sale condos. The Lora is one of the first buildings that will be complete this summer, according to the developers. The Lora will offer a mix of one-, two-, …

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Alta-Timberline-Tomball
DevelopmentNewsTexas

Wood Partners Breaks Ground on Alta Timberline in Tomball, Texas

by Lynn Peisner

TOMBALL, TEXAS — Wood Partners has broken ground on Alta Timberline, a 204-unit community in Tomball, 34 miles northwest of Houston. Completion is slated for May 2027. The seven three-story buildings will feature a mix of one-, two- and three-bedroom layouts. The ground-floor units offer a private yard, while upper-level floors feature personal balconies. Amenities include a clubhouse, a resort-style pool, an outdoor kitchen area with gas grill stations, a TV, fans and seating for lounging and dining, two pickleball courts, a dog park, a pet spa, a business lounge, …

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Park-at-Westover-Hills-San-Antonio
FinanceNewsTexas

Walker & Dunlop Arranges $46.5M Refinancing for San Antonio Development

by Lynn Peisner

SAN ANTONIO — Walker & Dunlop has arranged a $46.5 million refinancing loan for GenCap Partners for the recently completed (2025) Park at Westover Hills, a 375-unit property located at 4103 Rogers Road in San Antonio. Walker & Dunlop’s team led by Stuart Wernick, Drew Garrison, Steve Mentesana and Matt Mentesana arranged the refinancing with a floating-rate, interest-only bridge loan provided by Geoff Smith and Mike Dunsheath of Walker & Dunlop Investment Partners. Park at Westover Hills consists of 14 buildings in San Antonio’s Far West submarket.

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Rise-120-Georgetown
Investment SalesNewsTexas

Machine Investment Group Buys Rise 120 in Georgetown, Texas

by Lynn Peisner

GEORGETOWN, TEXAS — Machine Investment Group (MIG), a New York City-based investment firm, has acquired Rise 120, a 227-unit community in Georgetown, 26 miles north of Austin, Texas. The property, which opened in 2024, also includes 15,000 square feet of retail. MIG partnered with San Diego-based Alta Real Estate Partners on the deal. Walker & Dunlop represented the undisclosed seller. MIG plans to add amenities, such as a golf simulator, sauna and cold plunge. Existing amenities include a pool, fitness center, resident lounge, a grill area and a dog park.

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Oxbow-Hill-Country-Boerne
Investment SalesNewsTexas

Oxbow Hill Country in Boerne, Texas, Sells to Steadfast Cos.

by Lynn Peisner

BOERNE, TEXAS — Brixton Capital, based out of Solana Beach, California, has sold Oxbow Hill Country in Boerne, a city 31 miles northwest of San Antonio. The buyer was Irvine, California-based Steadfast Cos. The 172-unit property was built in 2003 and features 132,736 rentable square feet across 6.8 acres. The garden-style community includes nine buildings with a unit mix ranging from one- to three-bedroom floor plans. The property was 92 percent occupied at the time of the sale. More than 80 percent of units remain in original condition since construction. …

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