Texas

Lyle in Dallas
DevelopmentLeasing & MarketingNewsTexas

Toll Brothers Apartment Living, Equity Residential Open 334-Unit Lyle in Dallas

by Channing Hamilton

DALLAS — A partnership between Equity Residential and Toll Brothers Apartment Living, the rental division of Toll Brothers, has opened Lyle in Dallas. Construction began on the project in 2022 and was financed by a $55.6 million construction loan from Santander Bank, N.A. Located at 17727 Addison Road, Lyle offers 334 apartments in studio, one-, two- and three-bedroom layouts. Units include smart home technology features such as keyless entry and smart thermostats. Select units also include private balconies, terraces or fenced-in yards. Residents have access to outdoor amenities such as …

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Investment SalesNewsTexas

Hamilton Point Investments Acquires 1,174-Unit Portfolio in Metro Houston for $195 Million

by Channing Hamilton

HOUSTON — Hamilton Point Investments has acquired a portfolio of four properties totaling 1,174 apartments in the Houston metropolitan area. Hamilton Point Investments purchased the portfolio from a Texas-based multifamily developer for $195 million, which represents a cost per unit of $166,100. All four properties were built in 2022. The portfolio includes:

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Investment SalesNewsTexas

Vanguard Real Estate Negotiates Sale of 54-Unit CoHo Apartments in Fort Worth, Texas

by Channing Hamilton

FORT WORTH, TEXAS — Vanguard Real Estate Advisors, a Dallas-based brokerage firm, has arranged the sale of CoHo Apartments in Fort Worth’s Near Southside neighborhood. The building offers 54 studio apartments. Community amenities include a rooftop deck, resident lounge, dog run and gaming lounge. Jordan Cortez, Mason John, Haley Birmingham and Will Droese of Vanguard Real Estate Advisors represented the seller, Watermark Cos., in the deal. The buyer and sales price were not disclosed.

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Vineyard Hills Apartments in Austin, Texas
Investment SalesNewsTexas

JLL Capital Markets Brokers Sale of 202-Unit Vineyard Hills Apartments in Austin, Texas

by Channing Hamilton

AUSTIN, TEXAS — JLL Capital Markets has negotiated the sale of and secured acquisition financing for Vineyard Hills Apartments, a 202-unit community in Austin. JLL Capital Markets worked on behalf of the seller, Bob Reeves, in the deal. JLL also procured the acquisition loan for the buyer, S2 Capital, through Benefit Street Partners. Vineyard Hills Apartments offers one-, two- and three-bedroom apartments. Units average 928 square feet in size and include walk-in closets, balconies and detached garages. Select units feature fireplaces, bay windows and tile floors. Community amenities include a …

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Oxenfree at WeHo in Nashville, Tennessee
Build-to-RentFeaturesMidwestNortheastSoutheastTexasWestern

Strong Tenant, Investor Demand Ensures Build-to-Rent Model Is Here to Stay

by Channing Hamilton

Empty nesters and millennials with children are increasingly drawn to new subdivisions of build-to-rent (BTR) houses for lifestyle and financial reasons. These professionally managed BTR homes come in many shapes and sizes.  For a growing family, a new three- or four-bedroom rental house might be the ideal fit. Renters who don’t need a lot of space, but who value private parking and a modest backyard, can move into a one- or two-bedroom cottage-style home.  These properties provide more living space and privacy than a typical apartment and at a more …

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The Park on Brodie Lane in Austin, Texas
Investment SalesNewsTexas

Newmark Brokers Sale of 290-Unit The Park on Brodie Lane in Austin, Texas

by Channing Hamilton

AUSTIN, TEXAS — Newmark has arranged the sale and financing of The Park on Brodie Lane, a 290-unit property located at 6607 Brodie Lane in Austin. Patton Jones and Andrew Dickson of Newmark Multifamily represented the seller, Charlotte-based Barings Real Estate, in the transaction. Matt Greer and Andrew Wilson secured the financing on behalf of the buyer, Boca Raton-based Mill Creek Residential. The Park on Brodie Lane has been rebranded as Alister Sunset Valley. The property is situated on approximately 39 acres and is 97 percent leased. Amenities include a pool, outdoor …

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Investment SalesNewsTexas

Partners Real Estate Brokers Sale of 20-Unit Riviera Apartments in San Antonio

by Channing Hamilton

SAN ANTONIO — Partners Real Estate has arranged the sale of Riviera Apartments, a 20-unit asset located in San Antonio’s Oak Park/Northwood neighborhood. Steve Garza and Justin Ventura of Partners represented the buyer, an entity doing business as SP 2118 Edgehill LLC, in the deal. Diego Guevara of Core Commercial represented the undisclosed seller. According to Apartments.com, Riviera Apartments totals 20 apartments in studio, one- and two-bedroom floor plans. The property was built in 1965.

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Pear Ridge in Dallas
DevelopmentInvestment SalesNewsTexas

Excelsa Properties Acquires 168-Unit Pear Ridge in Dallas, Plans $4.3 Million Renovation

by Channing Hamilton

DALLAS — Excelsa Properties has acquired Pear Ridge, a 168-unit property located at 4753 Old Bent Tree Lane in Dallas. Pear Ridge was built in 1986 and consists of 12 buildings. The gated community offers amenities such as lounges, a pool, business center, fitness center, clubhouse, laundry facilities, storage spaces and transportation services. Excelsa Properties plans to invest $4.3 million to renovate the community. Planned upgrades include the installation of new countertops, stainless steel appliances, tile backsplash, vinyl flooring, lighting and plumbing fixtures and ceiling fans. Exterior renovations will include …

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Northwest Village in Fort Worth, Texas
DevelopmentNewsTexas

Woodfield Development Breaks Ground on $101 Million Northwest Village in Fort Worth, Texas

by Channing Hamilton

FORT WORTH, TEXAS — Woodfield Development has broken ground on Northwest Village, a $101 million project in Fort Worth. The asset will be situated within Traditions at Northwest Village, a 47-acre master planned development featuring office, retail and restaurant space, as well as a large public park. Northwest Village will comprise 455 apartments across two buildings on a 15-acre site. Units will come in studio, one-, two- and three-bedroom layouts. The property will also offer five townhome-style units. Planned amenities include private conference rooms and individual offices, a fitness center, …

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The District in Little Elm in Little Elm, Texas
Investment SalesNewsTexas

Institutional Property Advisors Brokers Sale of 324-Unit The District in Little Elm Near Dallas 

by Channing Hamilton

LITTLE ELM, TEXAS — Institutional Property Advisors has arranged the sale of The District in Little Elm, a community situated in Little Elm, 37 miles north of Dallas. The property features 324 units with 19 townhomes, as well as 11,272 square feet of retail. Apartments have wood-style flooring, pantries, washer and dryer connections and patios or balconies. The average unit size is 835 square feet. The District in Little Elm was built in 2023 on a 10-acre site. Amenities include controlled access, two pools, private work pods and EV charging …

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