Texas

Artistry-Design-District

HOUSTON — Houston-based McGrath Real Estate Partners has completed and opened Artistry Design District, a 400-unit property in Houston’s design district, an area known for high-end furnishing shops and interior design offices. The Artistry is 57 percent leased. Amenities include a clubhouse with a fitness center, resident lounges, a gourmet kitchen, flexible coworking spaces, Wi-Fi lounge and private office space. The community also features a resort-style pool, green spaces and an event venue for live music and entertainment.

0 FacebookTwitterLinkedinEmail
Williams_Ranch_Vista

RICHMOND, TEXAS — Vista Residential Partners has broken ground on Williams Ranch Vista, a 375-unit project adjacent to Williams Ranch, which is the site of several residential developments in Richmond. The 18.2-acre parcel is located along the I-69 corridor in Fort Bend County and is approximately 21 miles from downtown Houston. A construction timeline was not disclosed. Williams Ranch Vista will offer a mix of one- and two-bedroom units. Interior finishes will include granite countertops in the kitchen and bath areas, stainless steel appliances, subway-tile backsplashes, wood-like flooring, tiled showers …

0 FacebookTwitterLinkedinEmail

AUSTIN, TEXAS — BMC Capital has arranged $67.6 million in financing for a 300-unit project located in the greater Austin area. The name and address of the garden-style property, which was built in 2024, were not disclosed. The financing consists of a $53.5 million senior bridge loan and a $14.1 million preferred equity investment. Noah Laredo led the BMC Capital team on the placement of the financing, the debt component of which was structured with a three-year term and a 97 percent loan-to-cost ratio. The names of the direct lender, …

0 FacebookTwitterLinkedinEmail
Unnamed community in Austin

AUSTIN, TEXAS — EMBREY has received financing for the construction of a 344-unit project in Austin. Texas-based Frost Bank provided the financing. The community will feature studio, one- and two-bedroom apartments. The first units are scheduled for delivery in the second quarter of 2027, with full completion slated for the second quarter of 2028. Residents will have access to a rooftop pool deck and clubhouse, fitness center, resident lounge with coworking facilities, game room, “grab and go” market, courtyard with a fireplace, outdoor kitchens, gaming lawns and a water feature. …

0 FacebookTwitterLinkedinEmail
Millennium Crest

DENTON, TEXAS — Colliers Mortgage has provided a $55.9 million HUD-insured loan for the construction of Millennium Crest, a 245-unit project in Denton, about 40 miles northwest of Dallas. Millennium Crest will offer 20 studios, 155 one-bedroom units and 70 two-bedroom units. Planned amenities include a clubhouse, fitness center, pool, rooftop lounge and a dog park. Kevin Gould of Colliers Mortgage originated the debt, which carries a 40-year term and amortization schedule, on behalf of the developer, an entity doing business as Millennium Crest LP.

0 FacebookTwitterLinkedinEmail

DALLAS — Rebees, a Dallas-based owner-operator of mixed-use properties, has hired Micah Hart as the new chief operating officer (COO) of Rebees Management Co. Hart will be based in Houston. Hart will oversee operations at Sugar Land Town Square, GreenStreet and Autry Park. He will also oversee the platform’s growth into the Henderson Avenue development in Dallas, along with various other projects. Finally, Hart will lead Rebees Management Co.’s strategic initiative to launch a multifamily property management platform. Previously, Hart held positions at Parkway, Midway, The Hanover Co. and PM …

0 FacebookTwitterLinkedinEmail
Westmount Realty Capital

ARLINGTON, TEXAS — Dallas-based investment firm Westmount Realty Capital has sold a 164-unit complex in Arlington. Westmount at Forest Oaks was built on 7.4 acres in 1980. The garden-style property offers one- and two-bedroom apartments with an average size of 736 square feet. Amenities include a pool, playground and fitness center. Westmount bought the property in 2016 and undertook renovations. William Hubbard, Michael Ware, Taylor Hill, Drew Kile and Joey Tumminello of Institutional Property Advisors (IPA), a division of Marcus & Millichap, represented Westmount Realty Capital in the transaction. The …

0 FacebookTwitterLinkedinEmail
Commons at Cottonwood Creek

WACO, TEXAS — Texas-based Parkspring Multifamily will develop Commons at Cottonwood Creek, a 392-unit project within the Cottonwood Creek master-planned development in Waco, which is roughly equidistant from Dallas and Austin, Texas. The community will offer a mix of one- and two-bedroom apartments. Units will range from 754 to 1,028 square feet.  Amenities will include a resident clubhouse with a kitchen, coffee bar, pool table, golf simulator and TVs; business center with private conference rooms and coworking spaces; pool with tanning ledges; athletic club; outdoor kitchen areas; and an onsite …

0 FacebookTwitterLinkedinEmail
The Everstead at Conroe

CONROE, TEXAS — Landmark Properties has delivered a 190-unit build-to-rent project in Conroe, roughly 40 miles north of Houston. The 23.5-acre development represents Phase I of The Everstead at Conroe. Landmark co-developed the asset with Open House Group Co. The project offers 56 two-bedroom and 134 three-bedroom ranch homes and townhomes. Each residence features with granite countertops, stainless steel appliances and individual washers and dryers. Amenities include a pool, dog park, playground, pickleball and bocce ball courts, as well as 567 parking spaces and a 2,817-square-foot clubhouse with a fitness …

0 FacebookTwitterLinkedinEmail
Millennium Crest Apartments

DENTON, TEXAS — Millennium Crest LP has secured a $55.9 million HUD loan for the construction and permanent financing of Millennium Crest Apartments, a 245-unit project in Denton, roughly 50 miles northwest of Dallas. Kevin Gould of Colliers Mortgage arranged the loan, which carries a 40-year term/amortization. Millennium Crest Apartments will offer a mix of 20 studio units, 155 one-bedroom units, and 70 two-bedroom units. Residents will have access to amenities such as a clubhouse, fitness center, pool, rooftop lounge with an outdoor deck and electric vehicle charging stations. Additional …

0 FacebookTwitterLinkedinEmail