DENVER — Multifamily property management company Sentral has added three properties to its management portfolio. The first is an unnamed community still under construction in Houston. The 32-story, 475-unit development is slated to open in early 2026. The developers are Raven Capital Management and RCM Living. Star Harbor, owned by Strada Investment Group, in Alameda, California, is the second property, and the third is 830 Eddy in San Francisco. The owner of 830 Eddy was not disclosed. Sentral’s hospitality-styled management model offers both short-term stays in furnished units as well …
Texas
DALLAS — Stockdale Capital Partners, a Los Angeles-based investment firm, has acquired Amelia at Farmer’s Market, a 297-unit luxury property in downtown Dallas in an all-cash transaction. Built in 2019, the five-story property is in the Farmers Market neighborhood and was 94 percent leased at the time of sale. Amelia offers amenities such as an open-air sky lounge with views of downtown, a rooftop infinity-edge pool, a wine lounge, community library and a 24-hour fitness center. Greystar has been brought in as property manager. Details about seller and sales price …
AUSTIN, TEXAS, AND ATLANTA — JLL has arranged a $125.5 million refinancing loan for a three-property portfolio consisting of assets in Austin and around the Atlanta metro area. Known as the MAG portfolio, the properties are owned by Myers Apartment Group and Torchlight Investors. The portfolio includes Citadel at Tech Ridge in Austin, Highlands at Sweetwater Creek in Duluth, Georgia, and Symphony at Suwanee Creek in Suwanee, Georgia. Built between 2019 and 2021, the properties are currently 91.7 percent occupied. The JLL Capital Markets team was led by Gerard Sansosti, …
Dallas Housing Authority Secures $69 Million Bond Reservation to Renovate Two Affordable Communities
DALLAS — The Housing Authority of the City of Dallas (DHA) has secured a $69 million bond reservation for the renovation of Roseland Townhomes and Roseland Estates, two affordable housing communities in Central Dallas. The bond reservation is not the entire project cost, rather it is an early piece of the capital stack, enabling DHA to receive 4 percent Low-Income Housing Tax Credits (LIHTC). The redevelopment will include new kitchens, bathrooms, plumbing, flooring, appliances and fixtures in the properties’ 274 units. DHA also will upgrade the recreation center, building infrastructure, …
HOUSTON — Blue Atlantic Partners, an affiliate of Atlantic Pacific Cos., has acquired Montecito Apartments in Houston’s Uptown-Galleria neighborhood. The 299-unit property offers a mix of one-, two- and three-bedroom floor plans ranging from 669 to 2,091 square feet. The community’s amenities include a pool, fitness center, clubhouse and a multi-level parking garage. The new owner will manage the property and also is planning a multi-million-dollar renovation including interior upgrades with quartz countertops, amenity enhancements and exterior improvements. With this purchase, Atlantic Pacific’s Texas portfolio consists of 33 properties, totaling …
AUSTIN, TEXAS — ParkProperty Capital has landed a floating-rate refinancing loan for an undisclosed amount for The Albright, a 261-unit community in Austin that was delivered in 2024. JLL arranged the financing through ACRE. The five-story property features 261 units offered as studios and one- to three-bedroom layouts. Amenities include a resort-style pool, a 24-hour fitness center, coworking spaces, a gaming area with pool table, a rooftop deck with views overlooking Austin, an outdoor entertainment area with a grill and a kitchen, a pet park, a bike and package room …
SAN ANTONIO — Locally based Kairoi Residential has acquired The Jax in Northwest San Antonio. JLL’s Robert Arzola, Robert Wooten and Ryan McBride represented the undisclosed seller. Built in 1997, The Jax is comprised of 322 units set on a 19-acre site at 12222 Vance Jackson Road. Floor plans are offered as one-, two- or three-bedrooms. Amenities include a pool, clubhouse, a 24-hour fitness center, a business center, dog park, playground and a package-receiving area.
LACY LAKEVIEW, TEXAS — Concord Summit Capital has arranged a $34 million bridge loan on behalf of Surge Investment Group’s Zoe Apartments in Lacy Lakeview, six miles north of Waco, Texas. The loan is a precursor to a long-term HUD takeout loan once the property reaches stabilized occupancy. Situated on a 10.3-acre site along Interstate 35, Zoe Apartments features six three-story residential buildings with a unit mix offered as one- and two-bedroom floor plans. Amenities include a resort-style pool with a pool house, a clubhouse, grilling areas, two pickleball courts, …
PLANO, TEXAS — Texas State Affordable Housing Corp. (TSAHC), DMA Cos. and other stakeholders have opened The Park on 14th, an affordable housing community in Plano with 62 apartments reserved for households earning no more than 80 percent of area median income. TSAHC owns the land and partnered with DMA to develop the community. The development costs were approximately $17.2 million, with the bulk of financing provided by a U.S. Department of Housing and Urban Development (HUD) loan and equity from TSAHC. Amenities at the Park on 14th include community …
HOUSTON — Hanover Co. and Mitsui Fudosan American have wrapped construction of Buffalo Bayou, a 40-story high-rise set within the 14-acre Autry Park mixed-use development in Houston. Autry Park sits about two miles west of downtown Houston along the western edge of the 160-acre Buffalo Bayou Park. Locally based developer Hanover Co. and Boston-based partner Lionstone Investments are Autry Park’s master developers. Buffalo Bayou consists of 317 units and 5,000 square feet of retail space. It joins two other existing multifamily communities, Hanover Autry Park, a 24-story, 324-unit complex, and …