Texas

Main & Mill in Lewisville, Texas
FinanceNewsTexas

Affinius Capital Provides $34 Million Loan for Refinancing of Metro Dallas Asset

by Channing Hamilton

LEWISVILLE, TEXAS — Affinius Capital has provided a $34 million loan for the refinancing of Main & Mill, a 203-unit complex in Lewisville, 25 miles northwest of Dallas. Lauren Kaufman of JLL arranged the loan on behalf of the property owner, AMAC Development. Main & Mill consists of 143 one-bedroom and 60 two-bedroom units, as well as 6,400 square feet of retail space. Each residence features quartz countertops, stainless steel appliances, walk-in closets and full-size washers and dryers. Select units also offer private patios and balconies. Residents have access to …

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The Gilman in Irving, Texas
DevelopmentNewsTexas

Rosewood Property Co. Breaks Ground on 370-Unit Project Near Dallas

by Channing Hamilton

IRVING, TEXAS — Locally based developer Rosewood Property Co. has broken ground on The Gilman, a 370-unit project in the Las Colinas district of Irving, about 10 miles west of Dallas. The Gilman will be situated on a 6.8-acre site. The complex will offer studio, one-, two- and three-bedroom apartments that will range from 615 to 1,460 square feet. Planned amenities include a pool, fitness center, dog park, clubroom, coworking lounge, courtyards and a sky lounge. Hensley, Lamkin, Rachel Inc. designed the project. Blackland Partners is serving as the general …

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SKYE of Turtle Creek in Dallas
Investment SalesNewsTexas

Knightvest Capital Buys 331-Unit Uptown Dallas Community

by Channing Hamilton

DALLAS — Knightvest Capital has acquired SKYE of Turtle Creek, a 331-unit high-rise building in Uptown Dallas. SKYE of Turtle Creek was built in 1998. According to Apartments.com, the community offers one-, two- and three-bedroom floor plans. Amenities include a clubhouse, package service and a pet play area. The property also features direct access to Katy Trail, a 3.5 mile walking trail. The acquisition marks the sixth investment in Knightvest’s Fund II. The new owner plans to renovate a portion of the units and make updates to the exterior and …

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Investment SalesNewsTexas

Greysteel Arranges Sale of 77-Unit Dallas Community

by Channing Hamilton

DALLAS — Greysteel has negotiated the sale of Eclipse at Oak Lawn, a 77-unit community located in the Oak Lawn and Medical District neighborhoods of Dallas. Originally completed in 1966, Eclipse at Oak Lawn spans 67,094 square feet. According to Apartments.com, the community offers a mix of one- and two-bedroom units. Sterling Warren of Greysteel represented both the buyer, a local investment group, and the seller in the off-market deal. Neither party’s identity was disclosed. However, the transaction marked the buyer’s first acquisition in the Dallas-Fort Worth market.

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The Rushmore in Houston
Affordable HousingDevelopmentFinanceNewsTexas

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

by Channing Hamilton

HOUSTON — Housing Trust Group (HTG) has begun construction on The Rushmore, a $33.8 million mixed-income housing project located at 800 Highway 6 South in Houston’s Energy Corridor. The unit mix will include 32 one-bedroom, 50 two-bedroom and 19 three-bedroom units. Monthly rates will range from $532 to $1,875. The Rushmore will offer 16 market-rate apartments, as well as 85 units for residents earning at or below 30, 50 and 60 percent of the area median income. Planned amenities include a pool, community clubroom, workroom, fitness center, game room and …

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Investment SalesNewsTexas

JRK Property Holdings Sells 752-Unit Community in El Paso, Texas

by Channing Hamilton

EL PASO, TEXAS — JRK Property Holdings has sold Retreat at Mesa Hills, a 752-unit asset in El Paso’s Upper West Side neighborhood, to an undisclosed buyer. Retreat at Mesa Hills was developed in phases beginning in 1995. The community offers a mix of one-, two- and three-bedroom floor plans. Units range from 538 to 2,127 square feet. Residents have access to shared amenities such as three pools with a tanning deck and cabanas, a fitness center, two tennis courts, two sand volleyball courts, clubroom, game room, theater and an …

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Livano Canyon Falls in Northlake, Texas
Investment SalesNewsTexas

HGI Purchases 300-Unit Livano Canyon Falls Apartments in Northlake, Texas

by Channing Hamilton

NORTHLAKE, TEXAS — Harbor Group International (HGI) has acquired Livano Canyon Falls, a 300-unit community located roughly 28 miles north of Fort Worth, Texas, in Northlake. The three-story, garden-style asset offers one-, two- and three-bedroom floor plans. The average unit size is 1,015 square feet. Amenities include a pool, private workspaces and fishing ponds. Drew Kile, Michael Ware, Joey Tumminello, Taylor Hill and Shelby Clark of IPA represented the undisclosed seller in the transaction and procured the buyer. Brian Eisendrath, Cameron Chalfant, Harry Krieger and Tyler Johnson of IPA Capital …

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Rocklyn at Samuels Ave. in Fort Worth, Texas
Investment SalesNewsTexas

EPH Properties Buys 274-Unit Community in Fort Worth, Texas

by Channing Hamilton

FORT WORTH, TEXAS — EPH Properties has purchased Rocklyn at Samuels Ave., a 274-unit community in Fort Worth, from Carleton Cos. Built in 2018, the property offers studio, one-, two- and three-bedroom units with an average size of 885 square feet. Amenities include a pool, entertainment room, dog park, fitness center and outdoor grilling and dining stations. Drew Kile, Taylor Hill, Joey Tumminello, Michael Ware and Shelby Clark of Institutional Property Advisors, a division of Marcus & Millichap, represented the Dallas-based seller and procured the buyer in the transaction. The …

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The Park at San Marino in Houston
Investment SalesNewsTexas

Institutional Property Advisors Brokers Sale of 384-Unit Houston Asset

by Channing Hamilton

HOUSTON — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has arranged the sale of The Park at San Marino, a 384-unit community in Houston. Built in 1984 in 13 acres, the property features amenities such as multiple pools, laundry facilities, a gym and monthly planned social activities. The average unit size is 852 square feet. TPCG Park at San Marino LLC purchased the community from Woodbridge Crossing Property Holdings II LLC for an undisclosed price. Greg Austin, Travis Austin, Will Balthrope of IPA and Kyle Devillier of Marcus …

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Company NewsInvestment SalesNewsPeople NewsTexas

Franklin Street Launches Multifamily Investment Sales Division in Austin, Texas

by Channing Hamilton

AUSTIN, TEXAS — Franklin Street, a commercial real estate services firm based in Tampa, has launched a multifamily investment sales division for Texas markets. Patrick Strake will lead the new business unit, which will operate as a seven-person team from Franklin Street’s existing office in Austin. The Austin office opened approximately a year ago and now consists of roughly 20 professionals who also offer services for land, office and industrial verticals.

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