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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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The Place at Castle Hills in San Antonio, Texas
Investment SalesNewsTexas

Harvest Equities Purchases 680-Unit The Place at Castle Hills in San Antonio, Texas

by Channing Hamilton

SAN ANTONIO — Philadelphia-based Harvest Equities has purchased The Place at Castle Hills, a 680-unit property in San Antonio, from MC Cos. for an undisclosed price. Built in 1984 on a 23-acre site, the garden-style community rises two stories and features three pools, a business center and clubhouse. The average unit size is 687 square feet. Drew Garza, Will Balthrope and Ben Kalter of Institutional Property Advisors, a division of Marcus & Millichap, represented the seller and procured the buyer in the deal.

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Emblem at Tower in Manor, Texas
DevelopmentFinanceNewsTexas

Associated Bank Provides $60.4 Million Construction Loan for Affordable Housing Project in Austin Suburb

by Channing Hamilton

MANOR, TEXAS — Associated Bank has provided a $60.4 million construction loan for Emblem at Tower, a 324-unit affordable housing development located at 12100 Tower Road in Manor, about 15 miles northeast of Austin, Texas. Great Southern Bank joined Associated Bank in the construction loan syndication. Dominium was the borrower. Emblem at Tower will consist of 11 three-story buildings that house a mix of two-, three- and four-bedroom units. The 4-percent LIHTC project will be available to households earning less than 60 percent of the area median income. Residents will …

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Greyson Luxury Living in San Antonio
DevelopmentNewsTexas

Carbon Cos. Completes 291-Unit Greyson Luxury Living in San Antonio

by Channing Hamilton

SAN ANTONIO — Dallas-based developer Carbon Cos. has completed Greyson Luxury Living, a 291-unit community located at 1734 N. Loop 1604 West on San Antonio’s north side. Units come in one-, two- and three-bedroom layouts and feature stainless steel appliances, quartz countertops, individual washers and dryers and patios or balconies. Residents have access to amenities such as a pool, fitness center and dog wash station. Monthly rates start at roughly $1,300 for a studio apartment.

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Atlantic McKinney in McKinney, Texas
FinanceNewsTexas

Atlantic Pacific Cos. Secures $112.4 Million Refinancing for Three Properties in Metro Dallas

by Channing Hamilton

DALLAS-FORT WORTH — An affiliate of Miami-based investment firm Atlantic Pacific Cos. has received Freddie Mac agency loans totaling $112.4 million for the refinancing of three communities in the Dallas-Fort Worth metropolitan area. The financing consists of a $40 million loan for Atlantic Stonebriar, a 294-unit asset located in The Colony, about 30 miles north of Dallas; $42.3 million in debt for Atlantic McKinney, a 343-unit community in McKinney, which is also roughly 30 miles north of Dallas; and a $30.2 million loan for Atlantic Station, a 324-unit development in …

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Centro35 in San Marcos, Texas
Affordable HousingDevelopmentNewsTexas

NRP Group Completes 330-Unit Affordable Housing Development in San Marcos, Texas

by Channing Hamilton

SAN MARCOS, TEXAS — Cleveland-based developer The NRP Group has opened Centro35, a 330-unit affordable housing asset in San Marcos, approximately 50 miles northeast of San Antonio. The NRP Group developed the community in partnership with Capital Area Housing Finance Corp. Centro35 offers one-, two-, three- and four-bedroom apartments for households earning 60 percent or less of the area median income. Amenities include a pool, conference center with individual work pods, fitness center, children’s activity room and a game room. The project was financed with tax credit equity from Huntington …

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The Riley in Burleson, Texas
Investment SalesNewsTexas

NewStreet Properties, Thane Partners Acquire 178-Unit The Riley in Burleson, Texas

by Channing Hamilton

BURLESON, TEXAS — A joint venture between NewStreet Properties LLC and Thane Partners has acquired The Riley, a 178-unit property in Burleson, approximately 16 miles south of Fort Worth, Texas. Recently completed in 2023, The Riley offers amenities such as a pool, dog spa and park, fitness center, wine bar, Uber pick-up lounge, game area with shuffleboard and a clubhouse with an activity center and coworking offices. Corsair Ventures sold the asset for an undisclosed price. Grant Raymond and Asher Hall of Cushman & Wakefield represented the seller in the …

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Palladium Park Row Katy Living in Houston
DevelopmentNewsTexas

Palladium USA Breaks Ground on $33 Million Development in Houston

by Channing Hamilton

HOUSTON — Palladium USA has begun the construction of Palladium Park Row Katy Living, a $33 million project in Houston. Once completed, the property will feature 93 units in one-, two- and three-bedroom layouts. Amenities will include a pool, fitness center, conference center, dog park, business center, children’s playroom and clubhouse with a mini kitchen. Palladium USA expects to deliver the first units, as well as the clubhouse, in December 2025. Pre-leasing is slated to begin in the fall of 2025. The development is the result of a public-private partnership …

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Ventura Ridge in San Antonio
FinanceNewsTexas

Rosewood Property Co. Receives Refinancing for 482-Unit Ventura Ridge in San Antonio

by Channing Hamilton

SAN ANTONIO — Rosewood Property Co. has secured a loan for the refinancing of Ventura Ridge, a 482-unit property located at 5602 Presido Parkway in San Antonio. John Brownlee, John Bauman and Scott Cole of JLL Capital Markets arranged the financing through New York Life. Built in 2015, Ventura Ridge spans 406,759 square feet across four stories. The community offers a mix of one-, two- and three-bedroom apartments with an average size of 844 square feet. Units feature 10-foot ceilings, walk-in closets, patios and balconies, Wi-Fi-connected thermostats, kitchen islands, granite countertops and Bluetooth …

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