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 …
Texas
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 …
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 …
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.
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.
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 …
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.
ALLEN, TEXAS — Atlanta-based developer Wood Partners has broken ground in Allen on Alta Preserve, a 311-unit community located within The Farm mixed-use, master-planned development about 30 miles north of Dallas. Completion is slated for the second quarter of 2027. At build out, residents will have access to pocket parks, a 2.5-acre lake and 2.5 miles of hiking and biking trails that connect to the city’s broader trail system. Alta Preserve marks Wood Partners’ third phase of construction at The Farm. The firm completed Alta at The Farm in 2023, …
DENTON, TEXAS — The NRP Group has broken ground on Arbor Ranch, a 297-unit affordable housing community in the Dallas suburb of Denton. The $89.8 million project is slated for completion in 2027. Arbor Ranch is being developed in partnership with the Denton Housing Authority in order to provide rental homes affordable to families earning between 30 and 70 percent of area median income. According to guidelines set by the U.S. Department of Housing and Urban Development, the median income for a family of four in the Dallas metro area …
MCKINNEY, TEXAS — Palladium USA, a Dallas-based affordable, market-rate and mixed-use developer, has broken ground on Palladium Craig Ranch in the northeast Dallas suburb of McKinney. Located at 7909 Collin McKinney Parkway, the new community will include 327 one-, two- and three-bedroom apartments on approximately 4.7 acres. The Palladium Craig Ranch amenity package will consist of a resort-style pool with private cabanas, a hot tub, grills, string lighting and seating areas. In addition, an activity courtyard will include a fenced dog park with a pet drinking fountain, a fire table …