Texas

Coolwood-Oaks-Houston
Affordable HousingDevelopmentInvestment SalesNewsTexas

Fairstead Buys Houston Affordable Housing Community Coolwood Oaks for $43.3 Million

by Lynn Peisner

HOUSTON — Fairstead has acquired Coolwood Oaks in Houston for $43.3 million. Financing included LIHTC equity and loans from a variety of sources including PNC Bank, Houston Housing Finance Corp. (HHFC) and the Texas Department of Housing and Community Affairs (TDHCA). Fairstead is planning a $14 million renovation of the affordable housing community, which consists of 10 buildings and 168 units for households earning no more than 60 percent of area median income. The property was developed in 1984. DNA Workshop will serve as architect and interior designer for the …

Continue Reading
0 FacebookTwitterLinkedinEmail
MG Properties- Sola Galleria Apartments in Farmers Branch Texas
Investment SalesNewsTexas

MG Properties Buys Sola Galleria in Dallas Metro

by Lynn Peisner

FARMERS BRANCH, TEXAS — San Diego-based MG Properties has acquired the 330-unit Sola Galleria Apartments in Farmers Branch, approximately 12 miles north of Dallas. The sellers, HKC Equity and The Hampshire Cos., were represented by Joey Tumminello, Drew Kile, Taylor Hill, Michael Ware and Jack Windham of IPA. An undisclosed amount of financing for the acquisition was arranged by IPA Capital Markets’ Cameron Chalfant, Brian Eisendrath, Harry Krieger and Scott Arenzon. Amenities at the property include a resort-style pool, a dog park, a 24-hour fitness center, a coffee bar, entertainment …

Continue Reading
0 FacebookTwitterLinkedinEmail
Mockingbird-Station-Dallas
Affordable HousingDevelopmentNewsTexas

High Street Residential Breaks Ground on Dallas TOD

by Lynn Peisner

DALLAS — High Street Residential (HSR), a subsidiary of Trammell Crow Co., has broken ground on a 394-unit transit-oriented development in Dallas. The project, which has yet to be formally named, is part of a multi-phase conversion of approximately 16 acres of under-utilized surface parking owned by the Dallas Area Rapid Transit (DART) agency. The project is located at the SMU/Mockingbird station. At full buildout, the area will be a pedestrian-friendly, mixed-use neighborhood surrounding the DART station. HSR’s apartment project is expected to be complete by the end of 2027. …

Continue Reading
0 FacebookTwitterLinkedinEmail
Vireo-Medical-District-McKinney
Build-to-RentFinanceFloridaNewsSoutheastTexas

JLL Arranges Refinancing for BTR Portfolio in Dallas, Austin and Tampa Markets

by Lynn Peisner

WESLEY CHAPEL, FLA., MCKINNEY and GEORGETOWN, TEXAS — JLL has arranged a $130 million refinancing loan through KeyBank National Association’s Institutional Real Estate Group for the Vireo build-to-rent portfolio. The three properties were developed by McCarthy Cos. and include Vireo Medical District, a 210-unit property at 2300 S. McDonald St. in McKinney that was completed in 2024 and has recently stabilized; Vireo Twelve Oaks, a 217-unit property at 201 Morningstar Blvd. in Georgetown that was delivered in 2025 and is currently in lease-up; and Vireo Wesley Chapel, a 181-unit project …

Continue Reading
0 FacebookTwitterLinkedinEmail
Denver-Dry-Goods
Affordable HousingDevelopmentFeaturesFinanceMidwestNortheastSoutheastTexasWestern

Creative Capital Strategies Drive Today’s Affordable Housing Deals

by Lynn Peisner

Skillful players are leveraging a bevy of public and private funding sources to get projects across the finish line. By Jack Rogers As costs of affordable housing projects continue to rise, developers are meeting the challenge by pulling together a resilient capital stack with a growing range of sources for gap financing, bridge loans and grants. They’re also diversifying the range of projects they undertake and mitigating their costs by redeveloping underutilized publicly owned property, acquiring leases for sites that are being rezoned to housing from other uses and with …

Continue Reading
0 FacebookTwitterLinkedinEmail
Verbena-at-Waterview-Richmond-Texasw
DevelopmentNewsTexas

JV Breaks Ground on Multifamily Project in Suburban Houston’s Waterview Town Center  

by Lynn Peisner

RICHMOND, TEXAS — Locally based Read King and Austin, Texas-based Wayfinder Real Estate have begun construction of Verbena at Waterview in Richmond, 30 miles southwest of Houston. The joint venture anticipates delivering the clubhouse and first units by the third quarter of 2026 with full build out slated for July 2027. Verbena at Waterview is situated on approximately 14 acres within the 134-acre Waterview Town Center retail destination. The community will feature one-, two- and three-bedroom units featuring balconies, patios or yards and such amenities as a resort-style pool, a …

Continue Reading
0 FacebookTwitterLinkedinEmail
Morgan-Bay-Houston
Investment SalesNewsTexas

Eastham Capital Sells Two Suburban Houston Assets

by Lynn Peisner

HOUSTON — Eastham Capital has sold two value-add properties about 14 miles apart from each other in the northern ring of the Houston suburbs. The Boca Raton, Florida-based private equity firm purchased Kensington Crossing in 2018 and Morgan Bay in 2019 as part of the Eastham Capital Fund V portfolio alongside joint venture partner Mosaic Residential. Kensington Crossing Apartments includes a mix of one-, two- and three-bedroom units ranging from 759 to 1317 square feet. Morgan Bay Apartments includes a mix of one and two-bedroom units ranging from 561 to …

Continue Reading
0 FacebookTwitterLinkedinEmail
HaverstockHills-Houston
Affordable HousingDevelopmentInvestment SalesNewsTexas

Fairstead Acquires Houston Affordable Housing Property, Plans Redevelopment for $242 Million Total Investment

by Lynn Peisner

HOUSTON — Fairstead has acquired Haverstock Hills Apartments in Houston’s East Aldine neighborhood. The New York City-based affordable housing developer will renovate the 700-unit property over the next 24 months. The redevelopment and acquisition costs came to $242 million. PNC Multifamily Capital was the debt and equity provider. Harris County Housing Finance Corp. and Rainbow Housing Corp. will continue to provide on-site social services. Located at 5619 Aldine Bender Road, Haverstock Hills comprises 44 two- and three-story buildings spanning 22 acres. Residences include a mix of studios, one-, two- and …

Continue Reading
0 FacebookTwitterLinkedinEmail
Pearl-Lake-Point-Sugar-Land
DevelopmentNewsTexas

Morgan, Carlyle Begin Construction of Pearl Lake Point in Sugar Land

by Lynn Peisner

SUGAR LAND, TEXAS — Locally based Morgan, along with partner Washington, D.C.-based Carlyle, has begun construction of Pearl Lake Point, a luxury property at 16435 Creekbend Drive in the southwest Houston suburb of Sugar Land. Pearl Lake Pointe will be a five-story community comprising 376 apartments — including five live-work units — across 6.5 acres. Residents will have access to a resort-style pool, fitness centers, a golf simulator, a fifth-floor sky lounge and a first-floor café. The site also includes 9,940 square feet of commercial office space and a six-story …

Continue Reading
0 FacebookTwitterLinkedinEmail
2545-Brockton-Austin
DevelopmentNewsTexas

Portman Breaks Ground on Luxury Community in North Austin

by Lynn Peisner

AUSTIN, TEXAS — Portman has broken ground on 2545 Brockton, a luxury community in North Austin. Atlanta-based Portman expects to deliver the 429-unit mixed-use project by approximately March 2028. Located at 2545 Brockton Drive, the development site is adjacent to The Domain, an office, retail, restaurant and residential destination. Portman’s mid-rise community will feature a mix of studio, one-, two- and three-bedroom floor plans. Thirty-nine of the units will have a private rooftop patio. Amenities include a rooftop pool, greenspace and 6,850 square feet of ground-floor retail. Centerbridge Partners arranged …

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts
©2025 France Publications, dba France Media Inc.