Texas

Kristi Nootens, managing director and co-head at CP Capital US
Industry VoicesMidwestNortheastOperationsPeople NewsSoutheastTexasWestern

Q&A with Kristi Nootens: Women Can Break Down Barriers in the Industry

by Channing Hamilton

Kristi Nootens, managing director and co-head at CP Capital US, a real estate manager specializing in multifamily investments, sat down with Multifamily Affordable Housing Business (MAHB) to discuss the role of women in the industry and how the market may develop as we progress into the second half of 2023. On Women in Real Estate MAHB: Tell us about yourself and your journey. Nootens: My journey to commercial real estate started in large part because both of my parents worked in the industry. My dad was a mechanical engineer who spent a lot …

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DevelopmentFinanceNewsTexas

Forman Capital Provides $19.5 Million to Construct Castlewood Townhomes in Taylor, Texas

by Channing Hamilton

TAYLOR, TEXAS — Forman Capital has provided a $19.5 million construction loan and a preferred equity investment for Castlewood Townhomes, a 64-unit development in Taylor. Taylor is a city in Williamson County, Texas, about 35 miles northwest of Austin. Castlewood Townhomes will offer three- and four-bedroom townhome-style units ranging in size from 1,500 to 1,900 square feet. Units will feature detached two-car garages, quartz countertops, stainless steel appliances and various pieces of smart technology. A construction timeline for the project was not disclosed.

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Investment SalesNewsTexas

Matthews Arranges Sale of Sidney Baker Apartments in Kerrville, Texas

by Channing Hamilton

KERRVILLE, TEXAS — Matthews Real Estate Investment Services (Matthews) has arranged the sale of Sidney Baker Apartments, a 60-unit complex in Kerrville. Kerrville is located about 65 miles northwest of San Antonio. Tyler Marshall represented the buyer in the transaction. Neither the buyer nor seller were disclosed. Units come in one-, two- and three-bedroom layouts. Amenities include a pool and a pet park.

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Autumn Ranch on Swenson Farms in Pflugerville, Texas
Investment SalesNewsTexas

Newmark Arranges Sale of Autumn Ranch on Swenson Farms in Pflugerville, Texas

by Channing Hamilton

PFLUGERVILLE, TEXAS — Newmark has brokered the sale of Autumn Ranch on Swenson Farms, a 336-unit community located in the Austin suburb of Pflugerville. Patton Jones and Andrew Dickson represented the seller, MIG Real Estate. Knightvest Capital acquired the asset. Autumn Ranch on Swenson Farms was built in 2008 on a 16.9-acre site. Units come in one- and two-bedroom layouts with an average size of 1,041 square feet. Amenities include a pool, clubhouse, fitness center, dog park and package lockers. Additionally, 133 units were recently renovated with new flooring, interior paint, light …

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Presidium Berkshire in Fort Worth, Texas
DevelopmentNewsTexas

Presidium Completes First Phase of Presidium Berkshire in Fort Worth, Texas

by Channing Hamilton

FORT WORTH, TEXAS — Presidium has completed the first phase of Presidium Berkshire, a 340-unit community in Fort Worth. At full build-out, Presidium Berkshire will be a 1,100-unit, 26-acre development. The project currently spans 352,000 square feet in the North Fort Worth area of the city. Units come in studio, one-, two- and three-bedroom floor plans with rents ranging from $1,560 to $2,780. Amenities include a clubroom, bar, co-working lounge, pool, demonstration kitchen, fitness center, dog park, car wash and EV chargers. O’Brien Architects designed the property. Phase 2 is …

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Unnamed project in the Grand at Aliana shopping center in Katy, Texas.
DevelopmentNewsTexas

NewQuest Residential to Break Ground on $62 Million Apartment Project in Katy, Texas

by Channing Hamilton

KATY, TEXAS — NewQuest Residential will begin construction on a $62 million development in the Houston suburb of Katy this September. The property is located on an 11-acre site in the Grand at Aliana shopping center. The project will comprise 294 units across 11 residential buildings, as well as a clubhouse. Units will come in studio, one-, two- and three-bedroom floor plans. Amenities will include a pool, fitness center, business center with co-working space and conference room, event space, grilling stations, an outdoor lounge and a dog park. Humphreys & …

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Signature Ridge in San Antonio
Investment SalesNewsTexas

Newmark Arranges Sale of 612-Unit Signature Ridge in San Antonio

by Channing Hamilton

SAN ANTONIO — Newmark has brokered the sale of Signature Ridge, a complex in San Antonio’s South Texas Medical Center/USAA employment hub. Patton Jones, Matt Michelson and Andrew Dickson represented the undisclosed seller. Braden Harmon and Hank Glasgow arranged the debt financing on behalf of the buyer. Signature Ridge offers 612 units in one-, two- and three-bedroom floor plans. Amenities include a fitness center, dog park, two pools and a clubhouse with a full kitchen and arcade area. 

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FinanceNewsTexas

JLL Arranges $255 Million Credit Facility for Single-Family Rental Portfolio Across Texas

by Channing Hamilton

DALLAS — JLL has arranged a $255 million credit facility for SimplyHome, a Houston-based developer of single-family rental properties. The developer’s holdings encompass more than 10,000 units across 100 submarkets.  Colby Mueck, Matthew Putterman, Laura Brown and Davis Burnett of JLL secured the credit facility though Churchill Real Estate. The facility refinanced an initial portfolio of homes located in the Houston, Dallas-Fort Worth, San Antonio and Bryan/College Station markets.

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Palladium McKinney in McKinney, Texas
DevelopmentFinanceInvestment SalesNewsTexas

Palladium USA Breaks Ground on $48 Million Palladium McKinney in Dallas Suburb

by Channing Hamilton

MCKINNEY, TEXAS — Palladium USA has begun construction on Palladium McKinney, a $48 million, 172-unit community in the Dallas suburb of McKinney. The project is being developed in partnership with the McKinney Housing Finance Corporation. The Texas Department of Housing and Community Affairs issued $23 million in tax-exempt bonds purchased by Cedar Rapids Bank and Trust. PNC Bank provided $19 million of equity for this placement. Kim Parker of Dynamic Commercial Real Estate represented Palladium in the purchase of the land. James Craig of Craig International represented the seller. Palladium …

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Revital Gadish, CFO/COO, Qira
Industry VoicesMidwestNortheastOperationsSoutheastTexasWestern

How Alternative Payment Systems Support White House ‘Renter’s Bill of Rights’

by Channing Hamilton

— By Brian Ball and Revital Gadish, co-CEOs, Qira — Much of the news about property technology (proptech) concerns the physical features of apartment buildings — for example, appliances such as smart thermostats that save energy and money, or keyless entry and monitoring systems that are more convenient and secure. However, proptech also addresses intangible concerns, such as the societal push to give more power to renters in their relationships with owners and managers. The sector is rethinking how renters pay security deposits and monthly rents in ways that support …

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