Texas

PLANO, TEXAS — Rosewood Property Co. has begun construction on The Buckley, a 338-unit community in the northern Dallas suburb of Plano. The Buckley is the sister property of The Ludlow, which began leasing in September 2023. Both properties are located within the 156-acre Heritage Creekside master-planned development. The Buckley will offer studio, one-, two- and three-bedroom units. Amenities include a pool, multiple lounge areas, a club and card room, fitness center, coworking areas and a dog park. MetLife Investment Management is the equity partner for the development. Broadway Bank …

DENTON, TEXAS — Dallas-based private equity firm SPI Advisory has acquired a portfolio of two multifamily properties totaling 248 units in the northern Dallas suburb of Denton. The two properties are Lana Apartments and Aspire Apartments. Mark Allen of GREA represented the seller, Legacy REI, in the transaction. Fritz Waldvogel of Colliers Mortgage originated an undisclosed amount of Fannie Mae acquisition financing for the deal. Lana Apartments was originally constructed in 1981. The garden-style community features 116 apartments. Aspire Apartments comprises 132 units. The property was built in 1970 and …

DALLAS — MLG Capital has acquired The Jade at Frisco, a 424-unit property in the northern Dallas suburb of Frisco. The garden-style community is located at 16220 Phoebe Road, adjacent to Craig Ranch, a 400-acre master-planned development. Amenities include a pool with sundeck and cabanas, fitness and yoga facilities, game room and EV charging stations. According to the property website, units come in one-, two- and three-bedroom floor plans.