Texas

Anthem Development Breaks Ground on $64 Million Lofts iThirty in Garland, Texas

by Channing Hamilton September 13, 2023

GARLAND, TEXAS — Anthem Development, a Beck Ventures company, has broken ground on the first phase of redevelopment for the new Transit-Oriented District in Garland. The first phase includes the development of Lofts iThirty, a 340-unit project located at 6302 Greenbelt Pkwy. Lofts iThirty will comprise five buildings that each rise four stories, with amenities such as two pools, a pet spa, park, game room, coffee bar, sky-lounge, outdoor kitchens and two fitness centers. The total cost of the first phase is expected to be $64 million. At full build-out, the redevelopment project …

September 13, 2023

Development News Texas

Bridgeview Multifamily to Develop 250-Unit Project in Arlington, Texas

by Channing Hamilton September 12, 2023

ARLINGTON, TEXAS — Bridgeview Multifamily will develop a 250-unit community in Arlington, west of Dallas. The project, which is tentatively called Mercantile Lofts, will comprise one four-story building with three-story wings on a 6.3-acre site. Units will come in one- and two-bedroom floor plans. Amenities will include a pool, courtyard and single-level parking garage. Construction is expected to begin next summer.

September 12, 2023

Investment Sales News Texas

The Milestone Group Acquires 228-Unit Archer Stone Canyon Apartments in San Antonio, Texas

by Channing Hamilton September 11, 2023

SAN ANTONIO, TEXAS — The Milestone Group has acquired Archer Stone Canyon Apartments in San Antonio. The company purchased the asset through the assumption of the existing Freddie Mac loan. The purchase price was not disclosed. Archer Stone Apartments comprises 228 units featuring washers and dryers, detached garages, computer nooks, wood-style flooring and patios or balconies in certain units. Amenities include a pool, fitness center, clubhouse and playground.

September 11, 2023

Development News Texas

Triten Real Estate Tops Out First Phase of 341-Unit The Mill in Houston

by Channing Hamilton September 8, 2023

HOUSTON — Triten Real Estate Partners has topped out the first phase of The Mill, the redevelopment of an 1890s lumber mill in Houston’s East End district. The Mill will comprise 341 units across seven stories, as well as 6,000 square feet of retail space and a seven-story parking garage. Units will come in one-, two- and three-bedroom floor plans. Amenities will include a pool, fitness center, clubroom and outdoor grilling stations. Michael Hsu Office of Architecture designed the project, and Arch-Con Corp. is serving as the general contractor. Preleasing …

September 8, 2023

Keybank Multifamily Affordable Housing Janette O'Brien

Affordable Housing Content Partner Features Finance Industry Content Midwest Northeast Southeast Texas Western

Fine-Tune Borrowing Strategies to Activate Multifamily Projects

by Sarah Daniels September 7, 2023

Multifamily developers and owners seeking debt financing face a gauntlet of headwinds, but deal flows confirm that good deals are still landing loans. That’s according to Janette O’Brien, head of production for multifamily lending at KeyBank. As one of the nation’s largest bank-based financial services companies, KeyBank has a full pipeline of multifamily loans in process. That puts O’Brien’s finger on the pulse of what differentiates viable deals in today’s volatile market. Multifamily & Affordable Housing Business asked O’Brien about current borrower challenges, as well as the strategies that are helping some …

September 7, 2023

Investment Sales News Texas

Marcus & Millichap Brokers Sale of Two Communities in San Angelo, Texas

by Channing Hamilton September 6, 2023

SAN ANGELO, TEXAS — Marcus & Millichap has brokered the sale of a portfolio of two multifamily properties — Capri Apartments and Bryant Place — in the West Texas city of San Angelo. William Stover Jr. of Marcus & Millichap represented the seller, a limited liability company, in the transaction. Additional terms of sale were not disclosed. Capri Apartments is located at 608 W Ave M, while Bryant Place is located at 1521 S Bryant Blvd.

September 6, 2023

Finance Investment Sales News Texas

Colliers Provides $16.5 Million Acquisition Loan for The Chandler in Grand Prairie, Texas

by Channing Hamilton September 5, 2023

GRAND PRAIRIE, TEXAS — Colliers Mortgage has provided a $16.5 million Fannie Mae acquisition loan for the Chandler, a 164-unit community in Grand Prairie, between Dallas and Fort Worth. Robert Siddall, William Givens, Shawn Givens and Ken Higgins of Colliers Mortgage originated the financing, which features a five-year term and a 35-year amortization schedule. The borrower was Dallas-based private equity firm Reap Capital. The Chandler offers one-, two- and three-bedroom units. Amenities include a pool and a playground.

September 5, 2023

Investment Sales News Texas

Knightvest Capital Sells 216-Unit Reagan at Bear Creek in Dallas Suburb

by Channing Hamilton September 1, 2023

EULESS, TEXAS — Knightvest Capital has sold Reagan at Bear Creek, a garden-style community in the Dallas suburb of Euless. The buyer was not disclosed. Reagan at Bear Creek was originally built in 1998 and first acquired by Knightvest Capital in September 2017. The property comprises 216 units. Over the course of six years, the company renovated the community with updates to individual units and amenities. According to Knightvest Capital, the renovated units saw an 80 percent increase in rent over acquisition rates.

September 1, 2023

Investment Sales News Texas

Draper and Kramer Acquires 307-Unit Griffis at Riata in Austin, Texas

by Channing Hamilton August 31, 2023

AUSTIN, TEXAS — Draper and Kramer Inc. has acquired Griffis at Riata, a 307-unit property located in Austin’s tech district. Griffis at Riata was built in 2017 on a 16.9-acre site adjacent to Apple’s Austin corporate campus on Parmer Lane. The community comprises 195 one-bedroom and 112 two-bedroom apartments across 17 buildings. Amenities include co-working spaces, a resident lounge, two fitness centers, a pet spa and dog park. At the time of purchase, the property was 95 percent leased. Draper and Kramer will rebrand the community as “DK Riata.”

August 31, 2023

Investment Sales News Texas

SPI Advisory Acquires 244-Unit Parkview Terraces in Austin, Texas

by Channing Hamilton August 30, 2023

AUSTIN, TEXAS — SPI Advisory has purchased Parkview Terraces, a 244-unit community in Austin, for an undisclosed price. This acquisition marks SPI Advisory’s eight property under management in the Austin metropolitan area. Parkview Terraces was built in 2009 and was previously known as Cortland Southpark Terraces. According to Apartments.com, units come in one-, two- and three-bedroom floor plans. Amenities include a fitness center, package lockers, a business center, outdoor lounges, a clubhouse and valet trash services.

August 30, 2023

Newer Posts

Older Posts