Texas

Northwood-New-Braunfels
Investment SalesNewsTexas

PCC Buys Northwood Apartments in Metro San Antonio

by Lynn Peisner

NEW BRAUNFELS, TEXAS — Denver-based Platte Canyon Capital (PCC) has acquired Northwood Apartments, a 252-unit community in the New Braunfels submarket of San Antonio. The property was purchased from the original developer, which owned the asset since it was constructed in 1998. A second phase was built in 2017. This is PCC’s second acquisition in the San Antonio market with an undisclosed Los Angeles-based investment manager. The two entities are aiming to invest $100 million of equity in multifamily acquisitions. In 2025, the partners bought the 268-unit Allure Apartments in …

Continue Reading
0 FacebookTwitterLinkedinEmail
Lakeview-at-Westpark-Richmond
FinanceNewsTexas

Marcus & Millichap Arranges $54M Refinancing for Lakeview at Westpark in Metro Houston

by Lynn Peisner

RICHMOND, TEXAS — Marcus & Millichap has arranged a $54 million HUD refinancing for Lakeview at Westpark, a 298-unit property in Richmond, 30 miles southwest of Houston. Brandon Brown of Marcus & Millichap’s Houston office led the transaction, representing Rockstar Capital. The financing was secured through KeyBank at a fixed rate of 5.3 percent with 35 years of amortization. Rockstar, a Houston-based, privately owned multifamily real estate investment and property management company, acquired Lakeview at Westpark in 2022. The asset was developed in 2021.

Continue Reading
0 FacebookTwitterLinkedinEmail
Westermark-Sugar-Land
DevelopmentFinanceNewsTexas

Elm Real Estate Group Secures Construction Financing for The Westermark in Sugar Land, Texas

by Lynn Peisner

SUGAR LAND, TEXAS — Patterson Real Estate Advisory Group has arranged a construction loan for The Westermark, a 165-unit project in the southwestern Houston suburb of Sugar Land. The Westermark will consist of two five-story buildings containing studio, one-, two- and three-bedroom units. Amenities will include a pool, fitness center, resident lounge and coworking space. Wintrust Commercial Real Estate provided the loan to the developer, Elm Real Estate Group, which is an affiliate of Indianapolis-based KCG Cos. Neither a construction timeline nor the loan amount was disclosed.

Continue Reading
0 FacebookTwitterLinkedinEmail
The-Buckley-Plano
DevelopmentNewsOperationsTexas

Rosewood Property Co. Begins Leasing at The Buckley in Plano, Texas

by Lynn Peisner

PLANO, TEXAS — Dallas-based Rosewood Property Co. and development partner MetLife Investment Management have begun leasing at The Buckley, a 338-unit community located at 600 Kissimmee Drive within Plano’s Heritage Creekside mixed-use development. The four-story mid-rise is comprised of studios, one-, two- and three-bedroom units and amenities such as a resort-style pool, multiple lounge areas, a club lounge and card room, a fitness center with individual workout pods, coworking areas within a library setting, a dog park and courtyards. The 156-acre Heritage Creek was also developed and is owned by …

Continue Reading
0 FacebookTwitterLinkedinEmail
University-Green-Apts.
Investment SalesNewsTexas

Eastham Capital Sells University Green Apartments in Houston

by Lynn Peisner

HOUSTON — Eastham Capital, a Boca Raton, Florida-based private equity real estate firm, has sold University Green Apartments in Houston to a private buyer for an undisclosed sum. Eastham Capital Fund V acquired the 194-unit community in 2018. During the hold period, Eastham renovated units, exteriors and amenity spaces. At the time of disposition, University Green Apartments was approximately 97 percent occupied, with rents having increased from $739 at the time of acquisition to $1,040.

Continue Reading
0 FacebookTwitterLinkedinEmail
Park-Residences-Plano
Active AdultInvestment SalesNewsTexas

Colliers Arranges Sale of Park Residences Plano

by Lynn Peisner

PLANO, TEXAS — Colliers has arranged the sale of Park Residences Plano, a 318-unit active adult community at 1109 Park Vista Road in Plano. Danny Miller of Colliers represented the undisclosed seller in the deal. The asset was purchased by an unidentified buyer. Completed in 2023 and situated on 31 acres, Park Residences Plano consists of 156 cottage-style residences and a 162-unit mid-rise building, offering one- and two-bedroom floor plans. A 10,000-square-foot clubhouse anchors the property, offering fitness, a 50-seat movie theatre, a hair salon and social spaces. Outdoor amenities …

Continue Reading
0 FacebookTwitterLinkedinEmail
Jefferson-Grandscape-The-Colony
DevelopmentNewsTexas

JPI Breaks Ground on $77.8M Grandscape II in The Colony, Texas

by Lynn Peisner

THE COLONY, TEXAS — Locally based JPI has broken ground on the $77.8 million Jefferson Grandscape II in The Colony. The 277-unit community is being financed in partnership with Nebraska Furniture Mart and with a loan provided by QuadReal. JPI is now in lease-up on Grandscape I, also located in The Colony. That project was first announced in 2022. Jefferson Grandscape II will be comprised of studios, one-, two- and three-bedroom floorplans. Select units will also provide mud rooms, walk-in pantries, separate showers and dual vanities, private patios and balconies, …

Continue Reading
0 FacebookTwitterLinkedinEmail
Bishop-Momo-Austin
FinanceNewsTexas

Mesa West Capital Provides $47M Loan for Bishop Momo in Austin, Texas

by Lynn Peisner

AUSTIN, TEXAS — Mesa West Capital has provided a $47 million refinancing loan to United Properties for Bishop Momo in Austin. The 274-unit property is located within the St. Elmo District, a 275-acre mixed-use redevelopment in South Austin built on a former industrial site. St. Elmo currently includes 223,000 square feet of office, retail, dining and entertainment with approximately 900,000 square feet planned for future development. Chris McColpin of Newmark’s Austin office arranged the financing. United Properties delivered Bishop Momo in 2024. It is comprised of a mix of studio …

Continue Reading
0 FacebookTwitterLinkedinEmail
White Matt Berkadia Multifamily Atlanta
Affordable HousingBerkadiaContent PartnerFeaturesFinanceIndustry ContentMidwestNortheastSoutheastTexasWestern

How Distress, Debt Assumptions Are Rewriting Multifamily Pricing in Metro Atlanta

by Sarah Daniels

— By Matt White, managing director, Berkadia Across Metro Atlanta, distress and loan assumptions are no longer edge cases — they’re driving a meaningful share of multifamily transaction activity and quietly resetting the market’s pricing benchmarks. Deals that can successfully navigate legacy debt structures, rising operating costs and shifting return expectations are revealing where true clearing values lie and which capital stacks still work in today’s environment. The same forces driving distress in Dallas, Phoenix and Austin — floating-rate and bridge debt maturities, late-cycle construction and operating cost inflation — are …

Continue Reading
0 FacebookTwitterLinkedinEmail
HSR-Tokyu-Richardson
DevelopmentNewsTexas

High Street Residential, Tokyu Land Corp. Begin 281-Unit Project in Downtown Richardson, Texas

by Lynn Peisner

RICHARDSON, TEXAS — High Street Residential, a division of Trammell Crow Co., and Tokyo-based Tokyu Land Corp. have broken ground on a 281-unit property located at 110 E. Polk St. in Richardson. The City of Richardson provided an undisclosed sum of tax-increment financing. Completion is slated for the fourth quarter of 2027. Situated on a 3-acre site, the community will replace two existing buildings and a surface parking lot. Units will be built in studio through two-bedroom layouts, and amenities will include a clubroom, coworking areas, resort-style pool, grilling stations, …

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts
©2026 France Publications, dba France Media Inc.