Texas

Forty649-North-Hills-El-Paso

EL PASO, TEXAS — Hamilton Point Investments has sold Forty649 North Hills in El Paso. JLL represented Hamilton Point, and the buyer’s identity was not disclosed. The asset, located at 4649 Loma Del Sur Drive, was 93.3 percent occupied when the deal closed. JLL’s team was led by Steven Hahn Jr., Art Barnes and William Jennings. The 345-unit Forty649 North Hills, developed in 2009, is comprised of 42 two-story buildings. Amenities include a resort-style pool, fitness center, clubhouse, dog park and covered parking.

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Strait-and-Nelson-San-Marcos

SAN MARCOS, TEXAS — Woodfield Development has completed initial units, and residents have begun moving into, Strait & Nelson, a 360-unit community in San Marcos. Construction is slated to be fully complete by this summer. The project team included architect Dwell Design Studio, ChalkLine General Contractor and Thrive Interior Design.  Strait & Nelson consists of one-, two- and three-bedroom units  and a clubroom with an entertainment kitchen and beer taps, a coworking lounge with private offices and conference rooms and a resort-style pool complemented by a courtyard and outdoor gathering …

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Domain-Memorial-Houston

HOUSTON — Mesa West Capital has provided an $81 million loan to Knightvest Capital to refinance Domain Memorial, a 313-unit rental townhome community 17 miles west of Houston in the metro area’s Briar Forest/West Memorial submarket. During its ownership, Dallas-based Knightvest has renovated a majority of Domain Memorial’s units and has completed improvements to the parking lot, clubhouse, pool area, fitness center, lighting and landscaping and also has installed a new electric vehicle charging station. Knightvest will use a portion of the proceeds from the five-year, floating-rate loan to complete …

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HTG-Red-Oaks-Austin

AUSTIN, TEXAS — Housing Trust Group (HTG) has completed and opened Red Oaks, a 70-unit, $26 million affordable housing community in the Anderson Mill neighborhood of Northwest Austin. Apartments at Red Oaks will be reserved for families earning 30, 50 and 60 percent of local area median income, which was $94,000 for an individual and $134,000 for a family of four in 2025, according to HUD. Miami-based HTG partnered with nonprofit group AM Affordable Housing and locally based consulting firm Thoman & Butler on the project. Funding sources for Red …

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REV3-Walnut-Creek-Austin

AUSTIN, TEXAS — Trilogy Investment Co. has broken ground on a 190-unit, build-to-rent (BTR) townhome project in Northeast Austin. REV3 at Walnut Creek will feature three-bedroom townhomes averaging approximately 1,493 square feet. Each residence will include a one-car attached garage. REV3 Homes, a division of Trilogy Investment Co., will serve as builder for the project. Leasing is expected to begin in the third quarter of 2027, with construction completion slated for the second quarter of 2028. The Alpharetta, Georgia-based developer also has recently broken ground on other BTR projects in …

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Ardan-West-Village-Dallas

DALLAS — Institutional Property Advisors (IPA) has arranged the sale of Ardan West Village, a 389-unit property at 2975 Blackburn St. in the pedestrian-friendly West Village shopping and dining district in the Uptown area of Dallas. IPA’s Joey Tumminello, Drew Kile, Michael Ware, Taylor Hill and Cameron Purse represented the seller, Mill Creek Residential, and procured the buyer, Knightvest. Ardan West Village is comprised of one- and two-bedroom floor plans and amenities such as a resort-style pool, coworking lounge and a controlled-access parking garage. The Cityplace/Uptown Dallas Area Rapid Transit …

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Aura-Avant-Lewisville

LEWISVILLE, TEXAS — Newmark has arranged the sale of Aura Avant, a 300-unit community in the northwest Dallas suburb of Lewisville. Newmark’s Brian O’Boyle Jr., Brian Murphy and Richard Furr represented the seller, Dallas-based Trinsic Residential Group, in the transaction. The buyer was Cameron Brothers, a San Diego-based, family-owned real estate firm. Aura Avant was completed in 2024 and was 92 percent occupied at the time of sale. The property features a clubhouse, a pool, fitness center, outdoor kitchen, a rooftop deck, pet-friendly features and a 24-hour package room.

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Whitney-at-the-Heights-Houston

HOUSTON — Texas-based Presidium has acquired Whitney at The Heights in Houston. The seller and sales price were not disclosed. Whitney at the Heights, built in 2001, includes 186 one-, two- and three-bedroom units and such amenities as a resort-style pool with seating, a resident clubhouse, a fitness center, business center, dog park, covered parking and outdoor grilling areas with televisions. Residents also receive Fetch package delivery and online maintenance scheduling. Presidium is planning to upgrade common areas, such as the pool, exterior and landscaping.

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Creekstone-&-Gable-Point-Dallas

DALLAS — Marcus & Millichap has arranged the sale of two adjacent apartment communities in Dallas, representing the seller, Pardue Cos., and procuring the buyer, Clover Capital Partners. The assets are Creekstone and Gable Point. The sales price was not disclosed. Texas-based Pardue built the properties and has held them since they were constructed in the 1980s. Creekstone is a two-story, 220-unit property built in 1982. Gable Point, built in 1986, comprises 152 units. IPA’s team was led by William Hubbard, Taylor Hill, Michael Ware, Drew Kile, Joey Tumminello and …

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Jefferson-Cove-Grand-Prairie

GRAND PRAIRIE, TEXAS — Madera Residential has acquired Jefferson Cove, a 283-unit property completed in 2024, from TDI. Newmark’s Brian Murphy, Brian O’Doyle Jr. and Purvesh Gosalia arranged acquisition financing on behalf of Madera. Amenities include a pool, a game lawn, a clubhouse, controlled access parking, community-wide Wi-Fi and Luxer One package lockers.

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