Texas

Comunidad Partners Purchases 302-Unit Affordable Housing Asset in Plano, Texas

by Channing Hamilton February 7, 2025

PLANO, TEXAS — Comunidad Partners, an Austin, Texas-based investment firm that specializes in affordable and workforce housing, has acquired Lakeshore at Preston Apartments in Plano, 20 miles north of Dallas. CBRE represented Comunidad Partners and the seller, Chicago-based Waterton, in the transaction. Lakeshore at Preston Apartments consists of 302 apartments in one- and two-bedroom floor plans. The community is reserved for households earning 80 to 100 percent of the area median income. Amenities include a pool, lounging areas, pickleball court and beach volleyball courts.

February 7, 2025

Investment Sales News Texas

Blue Ocean Real Estate Buys 184-Unit Villa Ladera Apartments in Dallas

by Channing Hamilton February 6, 2025

DALLAS — Blue Ocean Real Estate has acquired Villa Ladera, a 184-unit complex in Dallas. Built in 1972, Villa Ladera features one- and two-bedroom apartments, as well as on-site laundry facilities. Chris Deuillet and Matthew Pastrano of CBRE represented the undisclosed seller and procured the buyer in the deal. Josh Berde, Andrew Woertendyke and Peyton Chur, also with CBRE, arranged an undisclosed amount of acquisition financing for the deal through an unnamed lender.

February 6, 2025

Investment Sales News Texas

Greysteel Arranges Sale of 346-Unit Property in Houston

by Channing Hamilton February 5, 2025

HOUSTON — Greysteel has arranged the sale of The Willows, a 346-unit property in Houston. According to the community website, The Willows offers one-, two- and three-bedroom units. Amenities include a pool, playground, coffee bar and four laundry facilities. The seller, a private REIT, owned the community for approximately two decades prior to the acquisition. The buyer, whose identity was not disclosed, plans to enhance operational efficiencies and conduct a renovation program at the community. Jack Stone and Chris Castillo of Greysteel brokered the deal.

February 5, 2025

Investment Sales News Texas

950 TL Midtown Purchases Community in College Station, Texas, for $40.8 Million

by Channing Hamilton February 4, 2025

COLLEGE STATION, TEXAS — 950 TL Midtown LLC has purchased Nine50 Town Lake at Midtown, a property located at 950 Town Lake Drive in College Station, for $40.8 million. The seller was not disclosed. The community offers a mix of one-, two- and three-bedroom floor plans. Units range from 527 to 1,371 square feet. Amenities include a pool with sun deck and a clubhouse with a fitness center, business center, Wi-Fi café and game lounge with a billiards table and shuffleboard. The community is pet-friendly, with a pet spa and …

February 4, 2025

News People News Texas

Comunidad Partners Adds Ty Barnes as Head of Investments

by Channing Hamilton February 3, 2025

PLANO, TEXAS — Comunidad Partners, an Austin, Texas-based investment firm with a focus on workforce and attainable housing communities in the Sun Belt region, has appointed Ty Barnes as head of investments. In his new position, Barnes will lead the firm’s acquisition, capital markets and portfolio management strategies. Most recently, he held senior roles at Tishman Speyer, Taconic Partners, Related Cos. and WinnResidential.

February 3, 2025

Investment Sales News Texas

Atlantic Multifamily Sells 192-Unit Destino Apartments in Grand Prairie, Texas

by Channing Hamilton January 31, 2025

GRAND PRAIRIE, TEXAS — Atlantic Multifamily has sold The Destino, a 192-unit community located in Grand Prairie, roughly midway between Dallas and Fort Worth. The Destino was constructed on an 11-acre site in the 2000s. The community consists of 18 buildings and offers one-, two- and three-bedroom floor plans. Amenities include a pool, outdoor kitchen, playground and a dog park. Al Silva and Ford Braly of Marcus & Millichap represented the seller and procured the buyer, a New York-based private investment company, in the deal.

January 31, 2025

Affordable Housing Development News Texas

Dominium Acquires Land for LIHTC Development Near Austin

by Lynn Peisner January 30, 2025

MAXWELL, TEXAS — Dominium has acquired a site in Maxwell, 30 miles south of Austin, for construction of Anson Crossing, a 312-unit affordable housing development. Anson Crossing’s homes will be available to renters earning no more than 60 percent of the area median income. Dominium’s partners on the low-income housing tax credit project include Caldwell County, Winthrop & Weinstine, BKV Group, Kimley-Horn and Associates Inc., Braun Intertec Corp., Commercial Partners Title, On Track Ministries and UMB Bank. A construction timeline and financing specifics were not disclosed.

January 30, 2025

Investment Sales News 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

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