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.
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.
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.
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.
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 …
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 …
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 …
ANNA, TEXAS — Palladium USA has delivered Palladium East Foster Crossing, a $64 million community in the Dallas suburb of Anna. The project is a public-private partnership with the Anna Public Facilities Corp. Palladium East Foster Crossing comprises 239 apartments on an eight-acre site. The four-story development houses one-, two- and three-bedroom floor plans. Amenities include a pool, fitness center, conference center, dog park, computer lounge, children’s playroom and clubroom with a mini kitchen. HEDK Architects designed the community. BBL Construction was the general contractor. The Anna Public Facilities Corp. …
HOUSTON — A partnership between the Harris County Housing Authority, Harris County Housing & Community Development, OCI Development and Atlantic Pacific Cos. has broken ground on The Residences at Arbor Oaks, a 192-unit affordable housing project in Houston. The Residences at Arbor Oaks will be reserved for households earning between 30 and 60 percent of the area median income. The property will feature 84 two-bedroom and 108 three-bedroom units. Planned amenities include a pool, fitness center, business center, outdoor grilling and dining stations and a children’s play area. Residents will …
SAN ANTONIO — Palladium USA, in partnership with the San Antonio Housing Trust Public Facility Corp. (SAHTPFC), has broken ground on Palladium San Antonio, a $75 million development in San Antonio. The four-story project is situated on an 18-acre site. Palladium East Foster Crossing will feature 288 units in one-, two- and three-bedroom floor plans. Amenities will include a pool, fitness center, conference center, dog park, business center, children’s playroom and clubroom with a mini kitchen. Pre-leasing will begin by Winter 2025. Cross Architects designed the community. Brownstone Group is …