HOCKLEY, TEXAS — Architect KTGY and developer Empire Homes have completed Veranda Dellbrook, a 182-unit build-to-rent community in Hockley. The property is located within the Dellrose master-planned community, approximately 35 miles northwest of Houston. Veranda Dellbrook is modeled on a concept developed by KTGY called The Patch, defined by a walkable cottage-community format featuring internal walkways that connect each home and amenity space. Veranda Dellbrook offers one-, two-, three- and four-bedroom residences, each with private yards. Amenities feature a clubhouse, a resort-style pool and hot tub, an outdoor lounge with …
Texas
HOUSTON — OHT Partners has broken ground on a 336-unit project in the Clear Lake area of Houston, about 23 miles southeast of downtown. A fund advised by Crow Holdings is an investment partner. Additionally, the project team consists of Meeks + Partners (architect), Quiddity Engineering (civil engineer), United Structural Consultants (structural engineer), MEP Delta Design (mechanical, electrical and plumbing engineer), Ellie Aiello Interiors (interior design), and KFM Engineering & Design (landscape architect). The project will include one- and two-bedroom units as well as amenities such as a 24-hour coworking …
SPRING, TEXAS — Howard Hughes Communities has opened 1 Riva Row, a 13-story development located within The Woodlands, a 28,500-acre master-planned community 27 miles north of downtown Houston. The project is the first high-rise in the community, which consists of nine residential villages. Allford Hall Monaghan Morris was the architect, Hoar Construction was the general contractor, and Morgan Group is the property manager. Units are comprised of one-, two- and three-bedrooms that range in monthly asking rents from approximately $2,099 to $10,950 for upper-floor penthouses. The community’s amenities include a …
CONSHOHOCKEN, PA. — Morgan Properties has acquired Dream Residential Real Estate Investment Trust, a public Canadian REIT, for $345 million. Acquisition of the Toronto-based REIT included 15 properties now privately owned by Conshohocken-based Morgan Properties. The properties comprise 3,300 units in metro areas throughout Texas, Ohio, Kentucky and Oklahoma. Morgan will invest $58 million in interior and exterior enhancements and amenity upgrades in the 15 communities, which were developed between 1968 and 2002. In 2025, Morgan has completed $1.5 billion in acquisitions, comprising approximately 14,000 units and 80 properties. TD …
Justice Department, RealPage Settle Lawsuit Over Use of Revenue Management Software in Apartment Rental Pricing
RICHARDSON, TEXAS — The U.S. Justice Department’s Antitrust Division has reached a settlement with RealPage Inc. as part of its ongoing enforcement against algorithmic coordination, information sharing and other anticompetitive practices in rental housing markets across the country, according to details disclosed in a North Carolina federal court on Monday. The proposed consent judgment, which still requires court approval before it can be implemented, would help restore free market competition in rental markets for millions of American renters, the Justice Department stated in a press release. “Competing companies must make …
BETHESDA, MD. — Walker & Dunlop has arranged a $192 million Freddie Mac loan on behalf of Cortland, an Atlanta-based investment, development and property management firm. Cortland will use the funds to refinance mortgages of three properties: Cortland at the Hammocks I and II in Miami, Huntington Glen in Dallas and Cortland Congress Park in Denver. Together, the properties comprise 1,137 units. Across all three assets, Cortland has executed a capital improvement program, investing in interior and exterior upgrades to reposition the communities. The Walker & Dunlop capital markets team was …
FORT WORTH, TEXAS — HPI Real Estate Services and Investments has begun construction on the first phase of a 55-acre project in northwest Fort Worth that will include 829 apartments, townhomes and detached cottages. The community’s name has not been disclosed. The site is situated at the southeast corner of Bonds Ranch and Blue Mound roads. It is Texas-based HPI’s first development in Fort Worth. The first phase will include 396 one-, two- and three-bedroom units. Zoning and site plans have been approved for 240 additional apartment units and 193 …
PLANO, TEXAS — Clover Capital Partners has acquired The Woodlands of Plano in Northeast Plano, 20 miles north of Dallas. CBRE arranged the sale of the 232-unit community that was developed in 1968. The seller’s identity was not disclosed. The Dallas-based buyer will assume fixed-rate debt at a 3 percent interest rate with 10 years remaining on the loan. The property provides a mix of one-, two- and three-bedroom floor plans.
FORT WORTH, TEXAS — Dallas-based Palladium USA has completed Palladium Oak Grove, a 240-unit affordable housing community in Fort Worth. Rent caps range from 30 to 80 percent of area median income. The project cost was approximately $60 million and was developed in partnership with the Fort Worth Housing Finance Corp. Financing came from a variety of sources, including 4 percent Low-Income Housing Tax Credits. Units are offered in one-, two- and three-bedroom floor plans. Amenities include a resort-style pool, a fitness center, a conference room, a dog park, a …
MCKINNEY, TEXAS — Equus has sold McKinney Village to Weidner Apartment Homes. The 245-unit community about 50 miles north of Dallas in McKinney was built in 2017 with a unit mix comprised of studios, one- and two-bedroom floor plans as well as two-story townhomes with attached garages. Amenities include a resort-style pool with covered seating and grilling stations, a fitness center with cardio and strength equipment, a clubhouse lounge, a pet park and a community garden. Brian O’Boyle Jr. with Newmark represented Philadelphia-based Equus in the transaction. The sales price …