HOUSTON —Broadband Communities has awarded Aerwave the distinction of multifamily partner of the year. The publishing and conference company recognized Aerwave at the Broadband Communities Summit held June 23 to June 27 in Houston. Entrants were evaluated by an expert panel of judges. Aerwave stood out for its fiber-based mesh networking, proprietary software and gigabit-plus internet that spans entire properties. According to the company, Aerwave’s platform supports smart home technology, simplifies self-guided tours, enhances Wi-Fi calling coverage and enhances resident experience and simplifies operations for property managers and owners.
Texas
ROUND ROCK, TEXAS — ZOM Living and CP Capital have completed and opened Azola Avery Center, a 359-unit, garden-style community located within the 1,200-acre Avery Centre master-planned development in Round Rock. JHP was the architect, Rampart was the general contractor, and Meshberg Group was the interior designer. Azola Avery Centre consists of studios and one-, two- and three-bedroom units. Monthly asking rents range from $1,200 to $2,600. Amenities include a resort-style pool, outdoor pavilion with grills and TVs, pocket parks and a fenced dog park. Indoors, residents have access to …
HALTOM CITY, TEXAS — Institutional Property Advisors (IPA) has arranged the sale of Belmond, a 312-unit community in Haltom City five miles northeast of Fort Woth, Texas. Joey Tumminello, IPA senior managing director, along with IPA’s Taylor Hill, Drew Kile, Michael Ware and William Hubbard represented the seller, Knightvest Capital, and procured the buyer, TwinkleStar Asset LLC. Built in 2001 on 17 acres, Belmond is a three-story, garden-style asset with controlled-access gates, a resort-style pool, community grilling stations, covered parking and detached garages. Upgraded units have built-in desks, oversized oval …
HOUSTON — Colliers has arranged the sale of Green Arbor Apartments, a 252-unit community located at 10601 Sabo Road in Houston’s Southbelt‑Ellington area. The property’s units are offered as one-, two- and three-bedroom floor plans. Chip Nash, Bob Heard and Jaleel Adatia of Colliers led the transaction. Neither the buyer, seller nor asset price was disclosed. According to Apartments.com, monthly asking rents range from $842 to $1,727.
IRVING, TEXAS — Institutional Property Advisors (IPA) has arranged the sale of The International at Valley Ranch, a 236-unit property located within the Valley Ranch master-planned development in Irving. IPA Executive Managing Director Drew Kile along with IPA’s Michael Ware, Joey Tumminello, Taylor Hill, Shelby Clark and Jack Windham represented the seller, Criterion Development Partners, and procured the buyer, Consolidated Investment Group. Criterion developed The International at Valley Ranch in 2024. The four-story community includes climate-controlled corridors, indoor and outdoor social flex spaces and a courtyard pool with tanning shelf …
SAN ANTONIO — TruAmerica has acquired Dominion Park Apartments in San Antonio. The 280-unit, garden-style community was developed in 2002 and marks TruAmerica’s second acquisition in the San Antonio market. The seller and sales price were not disclosed. Northmarq arranged the sale and financing. Approximately 96 units have undergone prior renovations. TruAmerica plans to renovate the remaining units and standardize all interiors.
EDMOND, OKLA. — Milhaus and Humphreys Capital have completed and opened Oxlley in Edmond 15 miles north of Oklahoma City. Located at 101 West Main St. in the historic downtown area, Oxlley features 276 units offered as studios or in one-, two- or three-bedroom floor plans. Amenities include a 24-hour fitness center, electric vehicle charging stations, conference rooms for remote workers, a dog park and a pet spa. The community does not have breed or weight restrictions on pets.
HOUSTON — Camden Property Trust, a publicly traded REIT, sold Camden Midtown to Bow River Capital for an undisclosed amount. JLL Capital Markets arranged the sale and financing of the 337-unit, three-story community in Houston. Camden Midtown was built in 1999 and features pools, 24-hour fitness centers, a pet park and a direct-access parking garage. Units include granite countertops, stainless steel appliances and wood-style flooring. Some feature private patios with attached garages in select townhome units. JLL Capital Market’s investment sales and advisory team was led by Dustin Selzer, Jett …
FORT WORTH, TEXAS — Wood Partners has broken ground on Alta River Park in Fort Worth. Development of the 365-unit community will be complete by spring 2027. Units will be offered as studios or one-, two-, or three-bedroom floor plans. Amenities include a resort-style pool, pet facilities, a pickleball court, outdoor activity space, bike storage, a sky deck and direct trail access to the Trinity Clearfork trail system, which is an interconnected network of hiking trails spanning approximately 100 miles.
DALLAS — LEDG Capital has secured the financing necessary to convert an existing mixed-income property to an all-affordable community and to complete a $5.2 million renovation. Under the plan, the 90 market rate units at Paradise Gardens will be converted to affordable housing for 30 years under a Low-Income Housing Tax Credit agreement, while the Housing Assistance Payment contract protecting the remaining 23 units, which was due to expire in May 2025, will be renewed for 20 years. Under the new rent and income restrictions, apartments will be affordable to households …