Texas

Monterra Village in Fort Worth, Texas
Investment SalesNewsTexas

Weidner Apartment Homes Acquires 550-Unit Property in Fort Worth, Texas

by Channing Hamilton

FORT WORTH, TEXAS — Weidner Apartment Homes has acquired Monterra Village, a 550-unit community in Fort Worth, from Hillwood Multifamily for an undisclosed price. Built in two phases on 35 acres in 2008 and 2013, the garden-style property features a lagoon, lap pools with water features and pocket parks. The average apartment size is 985 square feet. Monterra Village is located within the 900-acre Alliance Town Center development, which features 1 million square feet of retail, restaurant and office space. Alliance Town Center is surrounded by the 27,000-acre AllianceTexas master-planned …

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Far West Apartments in Austin, Texas
DevelopmentFinanceNewsTexas

Central Southwest Texas Development Receives Construction Loan for 321-Unit Project in Austin, Texas

by Channing Hamilton

AUSTIN, TEXAS — Central Southwest Texas Development has secured a construction loan of an undisclosed amount for Far West Apartments, a 321-unit project in the Northwest Hills neighborhood of Austin. Doug Opalka, C.W. Sheehan and Samantha Jay of JLL arranged the 10-year, floating-rate loan through Poppy Bank on behalf of the borrower. The community will offer one-, two- and three-bedroom apartments with an average size of 800 square feet. Planned amenities include a pool, fitness center, clubhouse, pet spa and conference room. Completion is slated for spring 2027.

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Belt and Main in Richardson, Texas
FinanceNewsTexas

Affinius Capital Originates $81.3 Million Refinancing for Belt and Main in Richardson, Texas

by Channing Hamilton

RICHARDSON, TEXAS — Affinius Capital LLC has originated an $81.3 million loan to refinance Belt and Main, a 350-unit community with 17,000 square feet of retail space in Richardson, about 15 miles north of Dallas. Catalyst Urban Development was the borrower. Jeremy Sain of JLL led the team that arranged the financing. Belt and Main offers a mix of 269 one-bedroom residences and 81 two-bedroom apartments. Units feature quartz countertops, wood-style flooring, stainless steel appliances, custom cabinetry, floor-to-ceiling windows and full-size washer and dryers. Select units also include patios and …

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Valor at the Realm apartments
Investment SalesNewsTexas

Bright Realty Sells DFW Luxury Property to Weidner Apartment Homes

by Lynn Peisner

LEWISVILLE, TEXAS — Bright Realty has sold Valor at The Realm in Lewisville to Weidner Apartment Homes for an undisclosed price. JLL arranged the sale. Bright Realty developed the 260-unit property in 2021. It includes approximately 35,000 square feet of retail. Residents have access to amenities such as a resort-style pool and yoga studio. Units are available with one or two bedrooms. Valor at the Realm is located within The Realm at Castle Hills, a 324-acre master-planned development in the Dallas-Fort Worth metroplex.

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A property underway in Mansfield, Texas
DevelopmentNewsTexas

Leon Multifamily Secures $134 Million in Construction Financing for Three Developments

by Channing Hamilton

DALLAS — Leon Multifamily has received $134 million in construction financing for three developments from a combination of regional banks and non-bank financial institutions. The planned communities will total 842 apartment units.  Leon Multifamily is a subsidiary of Dallas-based Leon Capital Group. Over the last two years, the company has initiated or completed more than 2,300 units across seven developments.

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The investment panel at InterFace Multifamily Texas
Conference CoverageFeaturesInvestment SalesTexas

Sweet Spot: The Ideal Cap Rate Range for Buying Multifamily Assets in Texas Today

by Channing Hamilton

The concept of cap rates is an interesting phenomenon when you stop to think about it. Short for “capitalization rate” and calculated as net operating income (NOI) divided by sales price, this all-important real estate metric represents a page borrowed from Wall Street’s playbook, a savvy maneuver by investors to create a vehicle of asset valuation and apply it to select securities on a widespread basis. The circumstances of the metric’s inception are largely unknown, but all that matters is that the real estate industry has successfully propagated the use …

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DevelopmentNewsTexas

Carbon Shepherd Development Completes 66-Unit Project in Belton, Texas

by Channing Hamilton

BELTON, TEXAS — Dallas-based Carbon Shepherd Development has completed a 66-unit development in Belton, about 60 miles north of Austin, Texas. The property, which is operated under the company’s Woodland Cottages brand, offers one- and two-bedroom floor plans. All units include private balconies or patios, and select residences also feature attached garages. Amenities include a pool, fitness center, clubhouse with a game room and other recreational spaces. Rents start at $2,600 per month for a one-bedroom unit.

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NewsOperationsPeople NewsTexas

Lion Real Estate Group Adds Deanna Wigley as Vice President of Operations Support

by Channing Hamilton

DALLAS — Lion Real Estate Group (Lion) has expanded its leadership team with the addition of Deanna Wigley as vice president of operations support. In this role, Wigley will supervise the review and evaluation of new supplier partners, ensure that appropriate resources are in place to facilitate sales transactions and oversee information technology services. She will also serve a key role in risk management and training for regional and community managers. Prior to joining Lion, Wigley served as regional vice president at both Allied Orion Group and US Residential Group. …

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Presidium Valley View in Farmers Branch, Texas
DevelopmentNewsTexas

Presidium Begins Leasing 348-Unit Project in Farmers Branch, Texas

by Channing Hamilton

FARMERS BRANCH, TEXAS — Presidium has begun leasing Presidium Valley View, a 348-unit project located in Farmers Branch, roughly 15 miles northwest of Dallas. The community offers studio, one-, two- and three-bedroom units that range from 573 to 1,631 square feet. Rents start at $1,585 per month for a studio apartment. Residents have access to amenities such as a fitness center, clubroom, coffee bar, theater lounge with a golf simulator and coworking spaces. Outdoor amenities include a pool, yoga lawns, grilling areas and a pet park with a spa. The …

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Company NewsInvestment SalesNewsPeople NewsTexas

Cityview Hires Quinn Konitshek as Director of Acquisitions

by Channing Hamilton

DALLAS — Cityview has hired Quinn Konitshek to the role of director of acquisitions. In this position, Konitshek will help the investment management and development firm expand its pursuit of stabilized and ground-up acquisition opportunities throughout the southwestern United States, with particular focus on Texas, Arizona and Colorado. Konitshek will be based in Cityview’s newly opened office in Dallas. He will report to Damian Gancman, who was recently promoted to the role of chief investment officer. Prior to joining Cityview, Konitshek sourced multifamily transactions across Texas and the southwestern United …

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