Texas

2811-Maple
DevelopmentLeasing & MarketingNewsTexas

Crescent Opens Dallas Boutique High-Rise

by Lynn Peisner

DALLAS — Crescent Real Estate has opened 2811 Maple, a 31-story, 177-unit high-rise in Dallas’ Uptown neighborhood. Each floor has no more than seven units, and 60 percent are corner units. Residences range from 950 to 1,900 square feet with 12 penthouses ranging from 2,100 to 2,500 square feet. Asking rents range from $4,000 to $19,500. Amenities include coworking spaces, a fitness center, a resort-style pool with private cabanas, a fire pit, a garden, a pet spa, a coffee bar, controlled-access parking and electric vehicle charging stations. Valet and concierge …

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The-Mix
DevelopmentNewsTexas

StreetLights Residential Breaks Ground at The Mix in Frisco

by Lynn Peisner

FRISCO, TEXAS — StreetLights Residential has broken ground on a multifamily development within The Mix, a $3 billion, 112-acre mixed-use development anchored by a 9-acre park in Frisco along the Dallas North Tollway. The community will feature more than 635 apartments and townhomes in two sections in The Mix. Floor plans will be offered as one-, two- and three-bedroom options. In-unit features include built-in Sonos speakers; screened balconies; intuitive smart home controls, such as locks, thermostats and dimmable lights; and wine refrigerators. Amenities will include coworking lounges, pet wash stations, …

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Alden-Park
FinanceNewsTexas

Dwight Capital Originates $59 Million HUD Loan for Alden Park Kingsland in Houston

by Lynn Peisner

HOUSTON — Dwight Capital has closed a $59 million HUD 223(f) loan for an undisclosed borrower. The borrower will use the loan to retire existing debt, cover closing costs, complete property enhancements and establish a replacement reserve account to fund future capital projects for Alden Park Kingsland, a 423-unit, garden-style community in Houston. The property features 10 three-story residential buildings, a community clubhouse, a mail kiosk and a car-care facility. Amenities include a fitness and business center, a resident lounge, a dog park, a carwash station, grilling areas and a …

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Westmount-Houston
Investment SalesNewsTexas

Westmount Realty Capital Sells San Antonio Community

by Lynn Peisner

SAN ANTONIO — Westmount Realty Capital has sold Westmount at Houston Street, a 200-unit, townhome community located at 4611 E. Houston St. in San Antonio’s East submarket. Westmount acquired the asset in 2019. It was developed in 2003 on 18 acres and features 37 buildings offering a mix of two-, three- and four-bedroom units with garages. The property also includes a resort-style pool, a playground, a dog park, and a clubhouse with a business and fitness center. At the time of sale, Westmount at Houston Street was 91.5 percent occupied. …

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Redbud Cove Apartments
Investment SalesNewsTexas

Aperture Capital Buys Two Austin Properties

by Lynn Peisner

AUSTIN, TEXAS — Northmarq has arranged a portfolio sale in Austin consisting of two properties with a total of 38 units. The properties are Redbud Cove, a 15-unit build-to-rent (BTR) community in Westlake Hills and Zilker Place Apartments, a 23-unit community in the Zilker neighborhood. Northmarq’s Austin-based team represented the seller, Rastegar and was led by Will Collier, Jordan Vaughn and Hayden Schnieders. The buyer was Aperture Capital, which assumed a Fannie Mae loan with a 3.5 percent interest rate. Redbud Cove was built in 1976 and features 15 BTR …

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Clock-Tower-Residences
DevelopmentFinanceNewsTexas

Radom Capital Secures Financing, Breaks Ground on Houston Adaptive Reuse Project

by Lynn Peisner

HOUSTON — Radom Capital and Asana Partners have secured construction financing for and broken ground on Clock Tower Residences in Houston, the multifamily portion of the JV’s Heights Clocktower mixed-use project in Houston’s Heights neighborhood. JLL arranged a four-year construction loan through Veritex Community Bank. The project is a redevelopment of the Heights Clock Tower building, which dates back to approximately 1894. Radom acquired the property in 2020, according to the Houston Business Journal and CoStar, and co-owns the building with retail real estate investment firm Asana Partners. Clock Tower …

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Clayton at Tour 18
DevelopmentNewsTexas

BHW Capital Breaks Ground in Houston on Second Golf Course-Adjacent Property

by Lynn Peisner

HOUSTON — Locally based multifamily development firm BHW Capital has begun construction on Clayton at Tour 18, a 288-unit community located adjacent to the fairway of the 12th hole on the Tour 18 golf course in the Atascocita/Humble area of Northeast Houston. This project is BHW’s second multifamily development in the area. In 2020, the firm completed construction of The Park at Tour 18, a 241-unit community. BHW anticipates completion by the end of 2027, with leasing commencing in 2026. The one- and two-bedroom units will feature open-concept floorplans, built-in …

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Chibuzor Nnaji
Company NewsNewsPeople NewsTexas

Franklin Street opens Dallas Office, Appoints Chibuzor Nnaji to Lead Multifamily 

by Lynn Peisner

DALLAS — Franklin Street, a Tampa, Florida-based real estate firm whose services include investment sales and property management, has opened an office in Dallas and hired Chibuzor Nnaji as a managing director to lead a multifamily investment sales team. Prior to joining Franklin Street, Nnaji served as senior managing director at Global Real Estate Advisors (GREA). Dallas is Franklin Street’s 11th office. In May of this year, the firm opened its Nashville office, and in late 2024, it opened an office in Cincinnati, where the company’s student housing team is …

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Nichols-Park-Apartments
FinanceInvestment SalesNewsTexas

Mesa West Capital Provides $23.4 Million Loan for Acquisition of Austin Property

by Lynn Peisner

AUSTIN, TEXAS — DreamField Capital has secured a $23.4 million first mortgage loan provided by Mesa West Capital for the acquisition of Nichols Park, a 200-unit community in Austin. Thrive FP was the seller. The property, which was built in 1985 and features a mix of one- and two-bedroom units, was 96 percent occupied at closing. Amenities include a community lounge and coffee bar, a barbecue and picnic pavilion, a pool with poolside cabanas, a basketball court and a dog park. Three out of the 200 units have been recently …

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Shiloh-Oaks
FinanceInvestment SalesNewsTexas

Rise48 Buys Shiloh Oaks Near Dallas

by Lynn Peisner

GARLAND, TEXAS — Rise48 Equity has acquired Shiloh Oaks in Garland, 20 miles northwest of Dallas. The seller, represented by Northmarq’s Dallas Multifamily Investment Sales team, was an undisclosed California-based investor. Northmarq also arranged acquisition financing for Rise48. The 248-unit Shiloh Oaks was built in 1983 and features updated kitchens with quartz countertops, smart locks, a pool, fitness center and a playground.

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