Greystone Refinances Dallas’ Largest Apartment Community
Greystone’s Rob Meehan originated the CMBS loan, which includes a 10-year fixed term at a low rate. Vineyards at Forest Edge is 95.2 percent occupied.
Far North Dallas Community Up for Grabs
Greysteel’s Boyan Radic, Doug Banerjee and Andrew Hanson were selected to lead the marketing efforts for a 64-unit community in Denton, Texas. As of April, the property was 95.5 percent occupied.
PAC Sells 300-Unit Dallas Community
Steadfast Cos. paid about $44 million for Enclave at Vista Ridge, a Class A community located in a northwestern suburb of Dallas. The sale was subject to a $29.1 million Fannie Mae loan.
North Dallas 152-Unit Community Changes Hands
A Dallas-based partnership acquired Sienna Creek from Madera Residential. The buyer plans to rebrand the property and to implement a value-add strategy. The community is situated within the Richardson Independent School District.
New DFW Affordable Senior Living to Open This Fall
Mustang Creek Estates will build a 42,000-square-foot assisted living and memory care community in Sachse, Texas. The new development will comprise six homes, each housing up to 16 seniors.
Luxury Community Underway in Fort Worth Historic Neighborhood
Embrey Partners has broken ground on the Kelley, a 10-acre, 353-unit community on Samuels Avenue. The company will renovate a Victorian era home and relocate another one built in 1903.
Westmount Welcomes New Director
Kevin Michels has 14 years of experience in commercial real estate with a primary focus on asset analysis and evaluation. In his new position, he will provide analysis of Westmount’s multifamily portfolio.
NAPA Ventures Nabs 2 Communities in Lake Jackson, TX
In partnership with a private equity group, NAPA Ventures acquired two communities totaling 401 units. The company plans to renovate both properties.
Younger Partners Names New Investment Broker
Lew Wood has more than 38 years in commercial real estate and previously worked at Henry S. Miller, Cushman & Wakefield and Coldwell Banker Commercial Brokerage.
DFW Community Lands $9M Fannie Mae Refi
Dougherty Mortgage arranged the 10-year loan with a 30-year amortization schedule for Villa Creek in Farmers Branch, Texas.