Texas

River Oaks District in Houston
Investment SalesNewsTexas

JLL Capital Markets Brokers Sale of 279-Unit Mixed-Use Community in Houston

by Channing Hamilton

HOUSTON — JLL Capital Markets has negotiated the sale of River Oaks District, a 663,408-square-foot mixed-use asset in Houston. JLL represented the undisclosed seller in the deal. The buyer was Fertitta Entertainment Inc. JLL’s Barry Brown, Erin Lazarus, Colby Mueck, Ryan West, Jeff Hollinden and Dustin Selzer advised in the transaction. River Oaks District includes a 279-unit apartment community, as well as 302,668 square feet of retail and 67,060 square feet of office space. The five-story Grey House Apartments serves as the multifamily component. The community offers amenities such as …

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Build-to-RentDevelopmentNewsTexas

ONM Living Breaks Ground on 268-Unit Build-to-Rent Community Near Dallas

by Channing Hamilton

LAVON, TEXAS — ONM Living has broken ground on The Cottages at Lavon Lake, a 268-unit build to rent community in the Dallas suburb of Lavon. The property is situated near the 1,500-acre Elevon master plan development in eastern Collin County. The complex will offer studio, one-, two- and three-bedroom layouts ranging from 340 to 1,230 square feet in size. After the completion of land development, vertical construction is expected to begin in May 2025. The first move-ins are slated for early 2026, with full completion in January 2027.

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Investment SalesNewsTexas

Reynolds Asset Management, Newport Capital Advisors Purchase Two Properties in Texarkana, Texas, for $23 Million

by Channing Hamilton

TEXARKANA, TEXAS — A joint venture between Reynolds Asset Management and Newport Capital Advisors has purchased two communities totaling 360 units in Texarkana, near the Texas-Arkansas border. The two properties were Westridge Apartments (176 units) and Park at Summerhill (184 units). The assets traded hands for $23 million. John Hamilton of Marcus & Millichap brokered the deal. Allan Edelson and Joe Tarantino of Walker & Dunlop originated an undisclosed amount of Fannie Mae acquisition financing on behalf of the joint venture, which plans to invest $3 million in capital improvements …

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Investment SalesNewsTexas

Muskin | Elam Group Brokers Sale of 30-Unit Mint House at The Hatchery in Austin

by Channing Hamilton

AUSTIN, TEXAS — Muskin | Elam Group has arranged the sale of Mint House at The Hatchery, a 30-unit community located at 49 Navasota Street, just southeast of downtown Austin. Daniel Elam and Lyles Carter of Muskin | Elam Group represented the undisclosed seller in the off-market transaction. Vista Bank provided acquisition financing on behalf of the buyer, Resolute Capital. The seller was operating the property as a short-term rental facility at the time of the sale.

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Marketplace at Liberty Crossing in Wilmer, Texas
Affordable HousingDevelopmentNewsOperationsTexas

Asset Living Takes Over Management of 318-Unit Affordable Housing Complex Near Dallas

by Channing Hamilton

WILMER, TEXAS — Asset Living has been awarded management of Marketplace at Liberty Crossing, a 318-unit affordable housing development in the Dallas suburb of Wilmer. The project is the second phase of the development of the Liberty Crossing Master Planned Community. Marketplace at Liberty Crossing will offer one-, two-, three- and four-bedroom units. The property will also include ground-floor retail space. A construction timeline and income restrictions for the community were not disclosed.

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DevelopmentNewsTexas

Legacy Partners, Bridge Investment Group Open Camber Ranch in Austin, Texas

by Channing Hamilton

AUSTIN — Legacy Partners and Bridge Investment Group have opened Camber Ranch, a 483-unit community in Austin. The development includes 22 two- and three-story buildings on a 35.2-acre site. Units will come in studio, one-, two- and three-bedroom homes ranging from 438 to 1,500 square feet in size. Monthly rental rates start at $1,375. Amenities include a pool, fitness center with a yoga and spin studio, outdoor grilling areas, demonstration kitchen, esports gaming center, co-working lounge, podcast studios, a dog park and bike repair shop. The property was designed by Humphreys …

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DevelopmentNewsTexas

JPI Breaks Ground on 398-Unit Jefferson Eastchase in Fort Worth

by Channing Hamilton

FORT WORTH — JPI has broken ground on Jefferson Eastchase, a 398-unit community in Fort Worth. The complex will offer units in one-, two- and three-bedroom floor plans. Planned amenities include a pool with a deck and cabana, clubroom, fitness center and yoga studio, co-working lounge, pocket park and dog park. The first move-ins at the community are slated for the third quarter of 2026. The development team also includes DLR Group architects, Integrity Structural as the structural engineer, Kimley-Horn as the civil engineer and Land Design as the landscape …

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Kathleen Milisky, principal, Utility Revenue Services
DevelopmentIndustry VoicesMidwestNortheastOperationsSoutheastTexasWestern

Smart Utilities Management Can Eliminate Pain Points and Reduce Unnecessary Costs

by Channing Hamilton

— By Kathleen Milisky of Utility Revenue Services (URS) — Every developer knows all too well the headaches that can arise from utilities while building or managing a community. Time lost to issues such as power outages, delayed inspections and miscommunication can add unnecessary costs to any project. Smart utilities management is an effective way to stay ahead of problems before they start. Owners have the option of turning responsibility for the utilities over to an expert before they even pull a construction trailer onto the development site. It can …

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Oak Grove in Aubrey, Texas
Build-to-RentDevelopmentNewsTexas

Legacy Partners, The Resmark Cos. Underway on Two Build-to-Rent Projects Near Dallas

by Channing Hamilton

MELISSA AND AUBREY, TEXAS — Legacy Partners and The Resmark Cos. are underway on two build-to-rent communities in the metro Dallas area. Highland will comprise 133 units in the northern Dallas suburb of Melissa. The complex will offer one-, two- and three-bedroom homes that range in size from 780 to 1,500 square feet. Units will feature granite countertops, smart home technology and private fenced-in yards. Select homes will also have attached garages. Monthly rental rates are expected to start at $2,100. Oak Grove will feature 134 units in Aubrey, 50 …

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FinanceNewsTexas

Greystone Provides $15.4 Million for Three-Property Portfolio in North Texas

by Channing Hamilton

SHERMAN AND DENISON, TEXAS — Greystone has provided $15.4 million in bridge-to-agency financing for a portfolio of three properties in North Texas. Lance Wright of Greystone originated the financing on behalf of the borrower, an undisclosed Texas-based family office. Duke Stone of Churchill Capital acted as correspondent on the deal. The interest-only loan carries a two-year term with two six-month extension options. One of the assets is located in Sherman, 65 miles north of Dallas. The other two are in Denison, 75 miles north of Dallas. All three properties were …

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