Texas

Oaks of Kingwood in Houston
Investment SalesNewsTexas

Colliers Arranges Sale of 152-Unit Oaks of Kingwood in Houston

by Channing Hamilton

HOUSTON — Colliers has arranged the sale of Oaks of Kingwood, a 152-unit property located at 3415 Havenbrook Drive in Kingwood, a master-planned community in northeast Houston. Chip Nash, Bob Heard and Jaleel Adatia represented the seller, Kingwood Houston Oaks Limited Partnership, in the deal. The buyer and sales price were not disclosed. Oaks of Kingwood was originally built in two phases, with the first phase completing in 1984 and the second in 1999. The two-story community comprises a total net rentable area of 133,013 square feet. The average unit …

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Nathan Wilcox, Principal Architect, The Beck Group
Architecture & DesignDevelopmentIndustry VoicesMidwestNortheastOperationsSoutheastTexasWestern

Four Trends to Watch in Multifamily Design

by Channing Hamilton

Four significant cultural shifts are driving the evolution of multifamily design. Today, developers and architects must create spaces that serve the remote work trend, meet the demand for wellness amenities, keep up with changing sustainability and technology standards and create communities that socially engage their residents. How Hybrid Work Schedules Have Changed Design The shift to remote and hybrid work has profoundly influenced design offerings and space planning at an unprecedented pace in multifamily developments. Before the shift to full-time or partial work from home, the average size of most …

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Cobble Hills in Fort Worth, Texas
Investment SalesNewsTexas

Marcus & Millichap Negotiates Sale of 136-Unit Cobble Hills in Fort Worth, Texas

by Channing Hamilton

FORT WORTH, TEXAS — Marcus & Millichap has negotiated the sale of Cobble Hills, a 136-unit community located at 6050 Oakland Hills Drive in Fort Worth. The property consists of 12 buildings that house a mix of one-, two- and three-bedroom apartment units. Al Silva and Ford Braly of Marcus & Millichap’s Fort Worth office marketed the property on behalf of the seller, Obsidian Capital, and procured the buyer, an out-of-state family office. Additionally, Marcus & Millichap Capital Corp. (MMCC), a subsidiary of Marcus & Millichap, secured $7.5 million in acquisition financing for …

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Affordable HousingFinanceInvestment SalesNewsTexas

Lument Provides $42.7 Million Acquisition Loan for Mixed-Income Community in Suburban San Antonio

by Channing Hamilton

BOERNE, TEXAS — Lument has provided a $42.7 million Freddie Mac agency acquisition loan for Estraya Boerne, a 288-unit mixed-income property in the northwestern San Antonio suburb of Boerne. Built in 2022, the community offers one-, two- and three-bedroom units. Half the units are subject to income restrictions, but details regarding these requirements were not disclosed. Amenities include a pool and a fitness center. James Kress of Lument originated the loan, which carries a 10-year term, fixed interest rate, 35-year amortization schedule and interest-only payments for the first five years.

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FinanceNewsTexas

PACE Equity Provides $5.1 Million in Financing for The Travis Building in San Antonio

by Channing Hamilton

SAN ANTONIO — PACE Equity has provided $5.1 million in C-PACE (commercial property-assessed clean energy) financing for The Travis Building in San Antonio. The borrower was not disclosed. According to Apartments.com, The Travis Building consists of 63 apartments across 10 stories. The building was constructed in 2023 and features amenities such as a fitness center, business center and onsite laundry facilities.

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Investment SalesNewsTexas

Muskin | Elam Arranges Sale of 124-Unit Summer Grove in Austin, Texas

by Channing Hamilton

AUSTIN, TEXAS — Muskin | Elam Group has arranged the sale of Summer Grove, a 124-unit property in Austin. Monterra Capital Partners purchased the asset for an undisclosed price. Daniel Elam of Muskin | Elam Group represented the undisclosed, Chicago-based seller in the deal. Summer Grove was built in 1984. The garden-style community offers one- and two-bedroom floor plans. Community amenities include a pool, fitness center and pet park.

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EightyOne 10 Blue Goose in Manor, Texas
Investment SalesNewsTexas

American Landmark Apartments Purchases 300-Unit Alta Blue Goose Near Austin, Texas

by Channing Hamilton

MANOR, TEXAS — American Landmark Apartments has purchased Alta Blue Goose, a 300-unit property located at 8110 Blue Goose Rd. in the Austin, Texas suburb of Manor. Alta Blue Goose was built in 2023. The community offers studio, one-, two- and three-bedroom floor plans. Amenities include private work offices and conference rooms, a pool, Wi-Fi, fitness center and clubroom. The new owner will rebrand the property as EightyOne 10 Blue Goose.

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Investment SalesNewsTexas

TruAmerica, Spoke Real Estate Capital Acquire Sheridan Park at Spring Creek Apartments in Dallas Suburb for $50.3 Million

by Channing Hamilton

PLANO, TEXAS — A partnership consisting of TruAmerica Multifamily and Spoke Real Estate Capital has purchased Sheridan Park at Spring Creek Apartments, a 300-unit community in the Dallas suburb of Plano. The asset traded hands for $50.3 million. Sheridan Park at Spring Creek Apartments offers one-, two- and three-bedroom apartments. Units feature wood burning fireplaces, private patios, washer and dryer connections and private backyards. Amenities include a fitness center, two pool areas and a resident lounge. Greg Toro and Rob Key of JLL represented the buyers and the undisclosed seller …

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Palladium City Skyline in Fort Worth, Texas
DevelopmentFinanceNewsTexas

Palladium USA to Develop 243-Unit Palladium City Skyline in Fort Worth, Texas

by Channing Hamilton

FORT WORTH, TEXAS — Palladium USA, in a public-private partnership with the Fort Worth Housing Finance Corp. (FWHFC), plans to develop Palladium City Skyline, a 243-unit project in Fort Worth. The eight-acre community will feature amenities such as indoor and outdoor children’s play areas, fitness center, pool and dog run. The community will offer affordable housing options for individuals earning 30, 60, 70 and 80 percent of the area median income. The first units are expected to be available for leasing by early 2026. Palladium City Skyline will be built …

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Palladium Carver Living in Mesquite, Texas
Affordable HousingDevelopmentNewsTexas

Palladium USA Breaks Ground on $79 Million Palladium Carver Living in Mesquite, Texas

by Channing Hamilton

MESQUITE, TEXAS — Palladium USA has broken ground on Palladium Carver Living, a $79 million project in the Dallas suburb of Mesquite. Located on a 10-acre site at 2200 Bruton Rd., Palladium Carver Living will consist of 288 apartments in one-, two- and three-bedroom layouts. Pre-leasing will begin by the fourth quarter of 2025. A portion of units at the community will be set aside for individuals earning 60 percent of the area median income. Planned amenities include a pool, fitness center, conference center, clubroom, dog park, computer lounge and …

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