Texas

JRK Property Holdings Sells 752-Unit Community in El Paso, Texas

by Channing Hamilton January 30, 2025

EL PASO, TEXAS — JRK Property Holdings has sold Retreat at Mesa Hills, a 752-unit property located at 945 South Mesa Hills Drive in El Paso, for an undisclosed price. Steven Hahn Jr., Art Barnes, Roberto Casas and William Jennings represented the seller in the deal. The buyer was not disclosed. Retreat at Mesa Hills was constructed in multiple phases since 1995. The two-story complex offers a mix of one-, two- and three-bedroom units ranging from 538 to 2,127 square feet. Amenities include three pools with a tanning deck and cabanas, …

January 30, 2025

The Entrada at San Marcos in San Marcos, Texas

Affordable Housing Development News Texas

Helu Development Breaks Ground on Affordable Housing Asset in San Marcos, Texas

by Channing Hamilton January 29, 2025

SAN MARCOS, TEXAS — Utah-based Helu Development has broken ground on The Entrada at San Marcos, a 336-unit affordable housing project located roughly midway between San Antonio and Austin. Helu is developing the community in partnership with American South Capital Partners. Regions Bank originated a HUD 221(d)(4) loan of an undisclosed amount to finance the project’s construction. The Entrada at San Marcos will consist of six three-story buildings on a 14-acre site. Units will come in studio, one- and two-bedroom floor plans. Amenities will include a clubhouse with a fitness …

January 29, 2025

Affordable Housing Development News Texas

NRP Group Opens Affordable Housing at VIDA in San Antonio

by Lynn Peisner January 29, 2025

SAN ANTONIO — The NRP Group and the City of San Antonio opened Los Arcos at Vida on Jan. 29. The 324-unit property is reserved for residents earning between 30 and 70 percent of the area median income. The new development is part of the 600-acre VIDA San Antonio master-planned development led by SouthStar Communities that will be complete in 2026. VIDA will include healthcare, retail and event spaces as well as a mix of housing options, including single-family homes, townhomes and multifamily residences.

January 29, 2025

Affordable Housing Finance Investment Sales News Texas

BOLOUR Provides Acquisition Loan for Affordable Housing Asset in Dallas

by Channing Hamilton January 28, 2025

DALLAS — BAI Fund Manager (BOLOUR), an affiliate of Beverly Hills, California-based investment, development and finance company Bolour Associates Inc., has provided financing for the acquisition of a 112-unit affordable housing community in Dallas. John Choi of Concord Summit Capital represented the borrower. Built in 1989, the property is located at 4753 Duncanville Road, roughly 15 miles southwest of downtown Dallas. Units come in one-, two- and three-bedroom floor plans and range from 663 to 1,059 square feet. Income restrictions for the community were not disclosed.

January 28, 2025

Agave Azul on Boulder Apartments in Dallas

Investment Sales News Texas

Marcus & Millichap Brokers Sale of 66-Unit Asset in Dallas

by Channing Hamilton January 27, 2025

DALLAS — Marcus & Millichap has arranged the sale of Agave Azul on Boulder Apartments, a 66-unit community in Dallas. Built in 1965, Agave Azul on Boulder Apartments offers one-, two- and three-bedroom floor plans. The average unit size is 950 square feet. The property was renovated with new individual HVAC systems and pitched roofs over the past five years. Ford Braly, Al Silva and Dylan York of Marcus & Millichap’s Fort Worth office marketed the asset on behalf of the seller, a locally based private investor. The seller originally …

January 27, 2025

Investment Sales News Texas

Quannah Partners, VaultCap Sell 114-Unit Property in Waxahachie, Texas

by Channing Hamilton January 26, 2025

WAXAHACHIE, TEXAS — A partnership between Denver-based Quannah Partners and Dallas-based VaultCap Partners has sold The Townhomes at Bluebonnet Trails, a 114-unit property located in the southern Dallas suburb of Waxahachie. The community offers three- and four-bedroom residences with private patios/balconies as well as various outdoor amenities. Eric Stockley, Taylor Snoddy and Charles Hubbard of Northmarq arranged the sale of the property. The buyer and sales price were not disclosed.

January 26, 2025

Development Finance News Texas

David B. Norton Arranges $35.4 Million Construction Financing for Project Near San Antonio

by Channing Hamilton January 26, 2025

UNIVERSAL CITY, TEXAS — Capital advisory firm David B. Norton Inc. has arranged $35.4 million in construction financing for a 268-unit project in Universal City, a northeastern suburb of San Antonio. The development will consist of 10 buildings on a 14-acre site. The financing, which represents about 77 percent of the total project capitalization, includes both debt from an undisclosed regional bank and preferred equity from an undisclosed institutional investor. The name of the developer was also not released.

January 26, 2025

Sweetwater at Buckingham in Richardson, Texas

Investment Sales News Texas

DVO Real Estate Buys 312-Unit Community in Richardson, Texas

by Channing Hamilton January 25, 2025

RICHARDSON, TEXAS — DVO Real Estate has purchased Sweetwater at Buckingham, a 312-unit community in the northeastern Dallas suburb of Richardson. The property offers one-, two- and three-bedroom units with an average size of 889 square feet. Amenities include a pool, fitness center, business center and a playground. Drew Kile, Joey Tumminello, Michael Ware, Taylor Hill, William Hubbard, Cameron Purse and Shelby Clark of Institutional Property Advisors, a division of Marcus & Millichap, represented the seller, REM Finance, in the transaction. The team also procured DVO as the buyer.

January 25, 2025

News Operations People News Texas

TCC Appoints Two Professionals to Senior Leadership Roles

by Channing Hamilton January 24, 2025

DALLAS — Trammell Crow Co. (TCC) has promoted Adam Nims to the position of chief investment officer. Additionally, the Dallas-based developer has hired Billy Hart to the role of chief strategy and underwriting officer. As chief investment officer, Nims will oversee TCC’s investment strategy, including capital markets and development solutions initiatives. Nims has held various positions at TCC since joining the company in 2006. Most recently, he served as president of the eastern U.S., and before that as president of the western U.S. He will report to TCC’s CEO, Danny …

January 24, 2025

Investment Sales News Texas

CBRE Brokers Sale, Arranges Financing in Villa Ladera Trade

by Lynn Peisner January 17, 2025

DALLAS — Blue Ocean, a value-add and opportunistic investment firm based in Maryland, has acquired Villa Ladera in Dallas from an undisclosed seller. CBRE represented both parties in the deal. The price of the trade not disclosed. Villa Ladera is a 184-unit property developed in 1972. Blue Ocean is planning to renovate several units. The seller has owned the property since 2017. Features include controlled access, a playground, two laundry facilities and approximately 400 parking spaces. Villa Ladera was 96 percent occupied at the time of sale. Chris Deuillet and …

January 17, 2025

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