Texas

A 3D render of a white building with black roofing and a pool behind it.
Build-to-RentCompany NewsDevelopmentTexas

The Dinerstein Companies Launches Build-to-Rent Brand

by Channing Hamilton

HOUSTON — Houston-based developer The Dinerstein Companies (TDC) has launched a build-to-rent (BTR) brand called Inspire Homes. TDC has broken ground on its first two Inspire Homes projects, one in Wildwood, Florida, and the other in Missouri City, Texas. The 192-unit project in Wildwood, approximately 51 miles from Orlando, will be made up of duplexes. The homes will have fenced backyards and detached garage parking. Floor plans will be available in one-, two- and three-bedroom layouts ranging from 685 square feet to 1,445 square feet.  The development in Missouri City, …

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DevelopmentNewsTexas

Partnership Buys 314,514 SF Office Building in Downtown Fort Worth, Plans Multifamily Redevelopment

by Channing Hamilton

FORT WORTH, TEXAS — A partnership between two Chicago-based investment firms, 3L Real Estate and Syndicated Equities, has purchased The Oncor, a 314,514-square-foot office building in downtown Fort Worth. The new ownership plans to convert the building into a 330-unit multifamily community with Class A amenities, including a pool, fitness center,  rooftop deck and a business center. The seller and sales price were not disclosed. A construction timeline was also not released.

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The Cypress Parc swimming pool surrounded by a fence and buildings.
BerkadiaInvestment SalesNewsTexas

Berkadia Negotiates Sale of 200-Unit Cypress Parc Apartments in North Houston

by Channing Hamilton

HOUSTON — Berkadia has negotiated the sale of Cypress Parc, a 200-unit apartment complex in North Houston. The property offers two- and three-bedroom units that range in size from 926 to 1,420 square feet. Residences features walk-in closets, washer and dryer connections and private balconies/patios. Amenities include a pool, fitness center, business center, clubhouse, volleyball court and outdoor grilling and dining areas. Chris Young, Joey Rippel, Kyle Whitney, Jeffrey Skipworth, Chris Curry and Todd Marix of Berkadia represented the seller, Utah-based investment firm Lionel Partners, in the transaction. Cutt Ableson …

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NewsPeople NewsTexas

Kelli Carhart Appointed Leader of CBRE’s National Multifamily Platform 

by Channing Hamilton

DALLAS — CBRE has appointed Kelli Carhart to the position of executive managing director and leader of multifamily capital markets for the United States. Carhart will lead CBRE’s multifamily services, which include investment sales and financing. She will oversee expansion of CBRE’s multifamily business nationally across five regions, with leaders appointed for each area: Eli Hanacek in the Northwest, Asher Gunter in the Southwest, Danny Baker in the central region, and Shea Campbell in the Southeast. A leader for the Northeast region has not yet been announced. Carhart succeeds Brian McAuliffe.

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A 3D render of Resia Ten Oaks, a gray, blue, and white apartment building.
DevelopmentFinanceNewsTexas

Resia Receives $96.5M in Construction Financing for Houston Multifamily Project

by Channing Hamilton

HOUSTON — Resia, a Miami-based developer formerly known as AHS Residential, has received $96.5 million in construction financing for Resia Ten Oaks, a 573-unit multifamily project in Houston. Santander Bank provided the senior loan, with Valley Bank also included among the syndicate of lenders. Additionally, Artemis Real Estate Partners provided preferred equity. Resia Ten Oaks will offer one-, two- and three-bedroom units and amenities such as a pool, fitness center, business center and a multi-purpose clubhouse. Sitework on the project began in July 2022, and full completion is scheduled for …

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