Multifamily news in Dallas

Dallas Community Lands $14M Refi
The 12-year term Fannie Mae loan originated by Dougherty Mortgage LLC and Old Capital Lending has a 30-year amortization schedule. The 27-building community features studios, one- and two-bedroom apartments.
Market Rate
KWA Construction Appoints New EVP
Tayloe Call will work with President Brian Webster and oversee daily operations. He has more than 20 years of experience and most recently served as president & COO of LECESSE.
News
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.
Market Rate

  • 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.

    12 June 2017 16:22

  • Preiss Continues Its Student Housing Acquisitions

    The company acquired two properties with a total of 780 units and plans to renovate common areas, as well as unit interiors and exteriors.

    09 June 2017 16:16

  • JLL Secures Financing for Partially Affordable Community

    S2 Capital used the loan for the acquisition and rehabilitation of High Pointe Village. Of the community's 268 units, 66 are affordable.

    08 June 2017 16:19

  • Steadfast REIT Snags Dallas-Area Community for $44M

    The 300-unit Point at Vista Ridge, which is 94 percent occupied, will be conducting an apartment overhaul as part of the company's value enhancement strategy.

    05 June 2017 16:59

  • 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.

    29 May 2017 20:08

  • 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.

    26 May 2017 14:08

  • Michelle Duncum Climbs the Ladder at FDG

    The 25-year industry veteran was promoted to COO after almost four years at Faulkner Design Group. In her new role, Duncum will be responsible for managing the company’s daily operations.

    26 May 2017 12:15

  • 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.

    22 May 2017 15:34

  • 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.

    17 May 2017 15:28

  • JV Opens Dallas Apartments

    Novare Group and Batson-Cook Development Co. completed Victory Place, a 25-story community with 352 units. Located near uptown in the Victory Park neighborhood, the project is across the street from American Airlines Center.

    17 May 2017 08:16

  • 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.

    12 May 2017 06:58

  • 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.

    05 May 2017 10:59

  • Dallas Job Stats Point to Continued Growth

    According to the Bureau of Labor Statistics, Dallas trails only New York City when it comes to job creation, meaning that people will continue to flock to the Texan city for work. The city's current 95.1 percent occupancy rate indicates that it doesn’t have the massive multifamily shortage seen in other metros.

    02 May 2017 23:35

  • 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.

    02 May 2017 12:59

  • Fort Worth Community Lands Fannie Mae Loan

    Dougherty Mortgage has secured a $3.6 million, 12-year term financing agreement for a 90-unit market-rate community. The loan has a 30-year amortization schedule.

    02 May 2017 08:31