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Texas Multifamily HVAC Trends: Why Developers Prefer All-Electric, All-Climate Heat Pumps

by Sarah Daniels

By Randall Towb of Mitsubishi Electric Trane HVAC US (METUS) Texas multifamily owners and developers are utilizing all-climate variable capacity heat pumps and variable refrigerant flow (VRF) systems for heating and air-conditioning (HVAC) needs in their low-rise, mid-rise and high-rise buildings. These systems deliver on both resident satisfaction and building owners’ return on investment (ROI) thanks to key benefits such as energy performance, zoned comfort, design flexibility, quiet operation, reduced maintenance and advanced controls and monitoring. In addition to resident comfort and ROI, these all-electric systems align with growing concerns …

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3200 Business Center Drive
DevelopmentNewsTexas

Pelican Builders Breaks Ground on 380-Unit Project in Metro Houston

by Channing Hamilton

PEARLAND, TEXAS — Houston-based developer Pelican Builders has broken ground on a 380-unit project located within Pearland Town Center in Pearland, about 20 miles southeast of Houston. Units will come in one- and two-bedroom floor plans and will range in size from 604 to 1,196 square feet. Amenities will include a pool, dog park, children’s play area, fitness center, business center and access to walking trails. Pelican Builders purchased the site at 3200 Business Center Drive from Tennessee-based REIT CBL Properties, the master developer of Pearland Town Center, about two …

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Justin Fossum
FinanceFloridaIndustry VoicesInvestment SalesNorth CarolinaSoutheastTennesseeTexas

Employment, Affordability and Growth Make These Sun Belt Markets Stand Out

by Channing Hamilton

By Justin Fossum, senior director of asset management, Hamilton Zanze In a period defined by shifting economic dynamics, demographic realignment and tightening capital markets, multifamily investors continue to seek clarity on where to find durable performance. While short-term volatility is likely to persist, certain metropolitan areas in the U.S. are demonstrating structural advantages that point to long-term outperformance. Austin, Texas; Charlotte, North Carolina; Nashville, Tennessee; and Tampa, Florida, stand out as four such markets. Each market benefits from a rare alignment of employment growth, business investment, in-migration and relative affordability, …

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An unnamed development in Hutto, Texas
DevelopmentNewsTexas

Partnership Begins Construction on 336-Unit Project Near Austin, Texas

by Channing Hamilton

HUTTO, TEXAS — A partnership between Wood Partners and ParkProperty Capital (PPC) has broken ground on a 336-unit development in Hutto, approximately 30 miles north of Austin. Located off of Ed Schmidt Boulevard, the community will comprise 10 three-story buildings.  Amenities will include a fitness center, a business lounge, private offices, a clubroom with a coffee station, pool and fenced dog park. Additionally, in collaboration with city officials, the development will feature two pickleball courts, parkland with a walking trail and an 18-hole disc golf course that will also be …

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Presidium 183
DevelopmentLeasing & MarketingNewsTexas

Presidium Begins Leasing 374-Unit Community in Austin, Texas

by Channing Hamilton

AUSTIN, TEXAS — Presidium has begun leasing Presidium 183, a 374-unit project located near The Domain in North Austin. The community offers several different floor plans. Units feature stainless steel appliances, quartz-style countertops and individual washers and dryers. Rents start at roughly $1,320 per month for a studio. Residents have access to amenities such as a coworking lounge with private offices, fitness center with yoga and spin studios, a speakeasy-style bar, entertainment room with a theater and golf simulator, outdoor game lawn, pool and a dog run.  Presidium broke ground …

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Investment SalesNewsTexas

Epic Capital Partners Sells 116-Unit Asset in Fort Worth, Texas

by Channing Hamilton

FORT WORTH, TEXAS — Epic Capital Partners has sold Candle Chase Apartments, a 116-unit complex in southwest Fort Worth. The property was originally built in 1969. According to Apartments.com, the property offers one- and two-bedroom units that range in size from 715 to 1,198 square feet. Doug Banerjee and Sterling Warren of Greysteel represented the seller in the transaction. The buyer, an entity doing business as Delara Chase LLC, has rebranded the property as Delara Chase Apartments.

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The Rushmore
Affordable HousingDevelopmentNewsTexas

Housing Trust Group Breaks Ground on $33.8 Million Affordable Housing Project in Houston

by Channing Hamilton

HOUSTON — Miami-based developer Housing Trust Group has broken ground on The Rushmore, a $33.8 million affordable housing project located in the Energy Corridor of Houston. The community will comprise 101 units, 85 of which will be reserved for households earning at or below 30, 50 and 60 percent of the area median income. Residences will come in one-, two- and three-bedroom floor plans. Amenities will include a pool, community clubroom, workroom, fitness center, game room and designated dog walking path. Completion is slated for spring 2026. Financing sources for …

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Cottages at Summer Creek
Build-to-RentInvestment SalesNewsTexas

ONM Living Sells 196-Unit BTR Asset in Fort Worth, Texas

by Channing Hamilton

FORT WORTH, TEXAS — ONM Living has sold Cottages at Summer Creek, a 196-unit build-to-rent community in south Fort Worth. ONM Living sold the property in partnership with All Pro Capital. The buyer was Stockbridge Capital Group. Berkadia brokered the deal. Cottages at Summer Creek was built on 18 acres in 2023. The community offers studio, one-, two- and three-bedroom residences that range from 344 to roughly 1,200 square feet in size. Units feature fenced yards, porches, granite countertops, stainless steel appliances, walk-in showers, washers and dryers and smart technology …

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Investment SalesNewsTexas

TMG Arranges Sale of 52-Unit Complex in Paris, Texas

by Channing Hamilton

PARIS, TEXAS — Dallas-based brokerage firm The Multifamily Group (TMG) has arranged the sale of The Gardens Apartments, a 52-unit community in Paris, roughly 115 miles northeast of Dallas. The asset was built in 1970 and expanded in 2017, and unit interiors were recently upgraded. According to Apartments.com, units come in one-, two- and three-bedroom floor plans. Yonnic Land of TMG represented the seller and procured the buyer in the transaction. Both parties requested anonymity.

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Rylan at Gateway
DevelopmentLeasing & MarketingNewsTexas

Legacy Partners, Resmark Begin Leasing 336-Unit Community in Metro Dallas

by Channing Hamilton

FORNEY, TEXAS — A partnership between two California-based firms, developer Legacy Partners and investment manager Resmark Cos., has begun leasing Rylan at Gateway, a 336-unit community in Forney, about 22 miles east of Dallas.  Rylan at Gateway consists of five three-story buildings on a 14-acre site. Apartments come in studio, one- and two-bedroom floor plans and range in size from 540 to 1,360 square feet. Amenities include a pool, outdoor kitchen and gaming courtyard, fitness center, coworking lounge, coffee bar and two dog parks. Monthly rates start at under $1,000 …

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