HOUSTON — NorthPeak Commercial Advisors, a Denver-based brokerage, has opened a branch in Texas. The firm handles asset acquisitions and dispositions, 1031 exchanges, underwriting and advisory services in the multifamily, office, retail and industrial sectors. The team based out of the new Texas office, located in Houston, specializes in multifamily investments and is led by Travis Purvis, a Texas native with a 31-year career in the oil and gas industry. Licensed Texas broker Matt Lewallen and Partner Kevin Calame also will support the new business.
Texas
DALLAS — Karlin Real Estate has acquired The Brady, a high-rise property located at 2728 Cedar Springs Road in Uptown Dallas. Karlin has developed and acquired approximately 1,100 multifamily units in Austin, but this is the Los Angeles-based investment firm’s first multifamily acquisition in Dallas. The Brady includes 300 units. Karlin plans to upgrade the property with capital improvements and management services. The acquisition was financed in partnership with Blackstone Real Estate Debt Strategies.
FARMERS BRANCH, TEXAS — Texas-based developer Presidium has completed Presidium Valley View, a 348-unit project located in the northern Dallas metro of Farmers Branch. Units come in studio, one-, two- and three-bedroom floor plans and range in size from 573 to 1,631 square feet. Residences are furnished with stainless steel appliances, quartz countertops, kitchen islands, built-in desks, private balconies, keyless entry mechanisms and individual washers and dryers. Indoors, the property houses a fitness center, clubroom area, coffee bar, theater lounge with a golf simulator and coworking spaces. Outdoor amenities include …
HOUSTON — Dallas-based Palladium USA has opened Palladium Houston Ella, a $35 million, 146-unit mixed-income community in the Greenspoint neighborhood of Houston. A portion of the units (115) are reserved for renters earning no more than 30 to 60 percent of area median income. The remainder of units are rented at market rates. Palladium developed the property in partnership with the Harris County Housing Finance Corp. Amenities include a pool, a fitness center, a conference center, a playground and more. HEDK Architects designed the property, and Brownstone Construction served as …
SHENANDOAH, TEXAS — Johnson Capital Multifamily, a Dallas-based, LLC subsidiary of Oak Real Estate Partners, has closed a construction-to-permanent loan of an undisclosed sum for a joint venture to build WoodLofts, a 229-unit project 30 miles north of Houston. The loan, financed through FHA’s 221(d) multifamily mortgage insurance program, carries a fixed interest rate of 5.55 percent. The structure combines both construction and permanent financing into a single package. The developer is Woodlofts Shenandoah, a joint venture between Buckhead Investment Partners and Juniper Investment Group, both based in Houston. The …
DENVER — Multifamily property management company Sentral has added three properties to its management portfolio. The first is an unnamed community still under construction in Houston. The 32-story, 475-unit development is slated to open in early 2026. The developers are Raven Capital Management and RCM Living. Star Harbor, owned by Strada Investment Group, in Alameda, California, is the second property, and the third is 830 Eddy in San Francisco. The owner of 830 Eddy was not disclosed. Sentral’s hospitality-styled management model offers both short-term stays in furnished units as well …
DALLAS — Stockdale Capital Partners, a Los Angeles-based investment firm, has acquired Amelia at Farmer’s Market, a 297-unit luxury property in downtown Dallas in an all-cash transaction. Built in 2019, the five-story property is in the Farmers Market neighborhood and was 94 percent leased at the time of sale. Amelia offers amenities such as an open-air sky lounge with views of downtown, a rooftop infinity-edge pool, a wine lounge, community library and a 24-hour fitness center. Greystar has been brought in as property manager. Details about seller and sales price …
AUSTIN, TEXAS, AND ATLANTA — JLL has arranged a $125.5 million refinancing loan for a three-property portfolio consisting of assets in Austin and around the Atlanta metro area. Known as the MAG portfolio, the properties are owned by Myers Apartment Group and Torchlight Investors. The portfolio includes Citadel at Tech Ridge in Austin, Highlands at Sweetwater Creek in Duluth, Georgia, and Symphony at Suwanee Creek in Suwanee, Georgia. Built between 2019 and 2021, the properties are currently 91.7 percent occupied. The JLL Capital Markets team was led by Gerard Sansosti, …
Dallas Housing Authority Secures $69 Million Bond Reservation to Renovate Two Affordable Communities
DALLAS — The Housing Authority of the City of Dallas (DHA) has secured a $69 million bond reservation for the renovation of Roseland Townhomes and Roseland Estates, two affordable housing communities in Central Dallas. The bond reservation is not the entire project cost, rather it is an early piece of the capital stack, enabling DHA to receive 4 percent Low-Income Housing Tax Credits (LIHTC). The redevelopment will include new kitchens, bathrooms, plumbing, flooring, appliances and fixtures in the properties’ 274 units. DHA also will upgrade the recreation center, building infrastructure, …
HOUSTON — Blue Atlantic Partners, an affiliate of Atlantic Pacific Cos., has acquired Montecito Apartments in Houston’s Uptown-Galleria neighborhood. The 299-unit property offers a mix of one-, two- and three-bedroom floor plans ranging from 669 to 2,091 square feet. The community’s amenities include a pool, fitness center, clubhouse and a multi-level parking garage. The new owner will manage the property and also is planning a multi-million-dollar renovation including interior upgrades with quartz countertops, amenity enhancements and exterior improvements. With this purchase, Atlantic Pacific’s Texas portfolio consists of 33 properties, totaling …