CORPUS CHRISTI, TEXAS — Northmarq has arranged the refinancing of Wood River Apartments, a 199-unit property in Corpus Christi. Cheryl Higley and Ryan Shoars led the team that secured the undisclosed amount of financing through Northmarq’s in-house Edge platform. Built in 1983, Wood River Apartments is comprised of one-, two- and three-bedroom floor units across two 17-story buildings.
RICHARDSON, TEXAS — Institutional Property Advisors (IPA) has arranged the sale of Reserve at Spring Creek, a 458-unit community in Richardson, 17 miles northeast of Dallas. IPA’s Joey Tumminello, Drew Kile, Michael Ware, Taylor Hill and Jack Windham represented the seller, an affiliate of Lone Star Funds, and procured the buyer, MG Properties. Brian Eisendrath, Cameron Chalfant and Harry Krieger of IPA Capital Markets arranged an undisclosed amount of financing. Developed in 2019 on 17 acres, Reserve at Spring Creek has a fitness center, clubhouse, resort-style pool and a business …
HOUSTON — Locally based Sade Real Estate has obtained $128.5 million in acquisition financing for The Arno, a 40-story, 168-unit luxury community at 2929 Weslayan St. in Houston’s River Oaks neighborhood. Hudson Bay Capital provided the financing, which was arranged by Walker & Dunlop’s Sean Reimer, Aaron Appel, Jonathan Schwartz, Keith Kurland, Adam Schwartz, Dustin Stolly and Sean Bastian.
HOUSTON — The Dinerstein Cos. (TDC) has completed three acquisitions consisting of two multifamily properties and one student housing property. The Houston-based firm has acquired the 218-unit Aspire Cherry Creek in Denver, the 325-unit Aspire Park Lane in Dallas and Sterling College Station, a 1,128-bed student housing community in College Station, Texas. TDC is planning $18.7 million in capital improvements across the three assets. TDC has developed properties in Denver, but Aspire Cherry Creek marks the firm’s first acquisition in the market. The asset was built in 2015 and includes …
DALLAS — Institutional Property Advisors (IPA) has arranged the sale of Park West, a 240-unit property in Dallas. IPA’s Michael Ware, Taylor Hill, Drew Kile, Joey Tumminello and Cameron Purse represented the undisclosed seller and procured the buyer, Berkshire Residential Investments. The property is in the Oak Lawn neighborhood at the intersection of Cedar Springs Road and Douglas Avenue, within a corridor between the Dallas North Tollway and Highway 75. Completed in 2014, Park West is a four-story property with a resort-style pool, a 4,000-square-foot fitness center, two dog parks …
GARLAND, TEXAS — Wood Partners has sold Alta Firewheel in Garland to Pardue Cos. Wood Partners broke ground on the 250-unit community in December 2022 and completed the project in 2024. Amenities include a resort-style pool, fitness center, lounge and gaming area. Institutional Property Advisors’ Joey Tumminello, Drew Kile, Taylor Hill, Michael Ware and William Hubbard represented Wood Partners in the transaction.
KYLE, TEXAS — Haven Housing, the multifamily and affordable housing division of Los Angeles-based BH Properties, has acquired Hays Park Apartments in Kyle, 21 miles southwest of Austin. Haven Housing was represented by Walker & Dunlop’s Kevin Dufour, Matt Pohl, Spencer Roy and Forrest Bass. Terms of the transaction were not disclosed. The 309-unit, garden-style property, located at 828 Bebee Road, was built in two phases in 2014 and 2016. Comprised of one- and two-bedroom floor plans, Hays Park was 90 percent occupied at the time of the sale. Amenities …
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 …
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, …
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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