Multifamily news in Dallas

New Luxury Senior Living Community Coming to Dallas
Construction is underway at Firewheel Senior Living Residences, a new 154-unit community in Garland, Texas. Seneca Investments plans to open the property by the end of 2018.
Senior Housing
California Investor Expands Texas Portfolio
Creative Realty Partners acquired a 117-unit Dallas multifamily asset from Wellington Realty. The sale was subject to a $5.8 million loan from Hunt Mortgage Group.
Market Rate
BRT Nabs 509-Unit DFW Community
BRT Apartments Corp. purchased Mercer Crossing from Provident Realty Advisors for roughly $86 million. For the acquisition, the buyer obtained a $55.2 million loan from Barings Multifamily Capital.
Market Rate

  • Dallas: Corporate Juggernaut

    The DFW metro continues to achieve some of the fastest job and household growth rates in the U.S. The area’s economy is among the most diverse in the country and added 145,000 residents in 2016 alone.

    11 July 2017 14:03

  • Marcus & Millichap Arranges Sale of Two Texas Communities

    The company worked on behalf of two Texas-based sellers for the sale of a 484-unit community in Fort Worth, Texas, and for the 536-unit property in Dallas.

    10 July 2017 16:03

  • Meridian Secures $32M for Far North Dallas Community

    Azure Partners is set to acquire a 267-unit community in Fairview, Texas, completed last year. Meridian’s Abe Hirsch and Moshe Majeski secured the five-year, fixed-rate loan.

    05 July 2017 18:35

  • Chicago Investor Buys Dallas Apartments

    Waterton acquired South Side Flats, a 288-unit community that offers a mix of studio, one- and two-bedroom apartments. The deal marks the company's third multifamily acquisition in 2017.

    05 July 2017 08:45

  • Austin Investor Acquires 10th Property in DFW

    NAPA Ventures plans to renovate both the exterior and interior of The Falls Apartments, its newly acquired 208-unit property in metro Dallas.

    30 June 2017 10:01

  • Texas Multifamily Portfolio Lands $77M Refi

    The portfolio was refinanced over the course of six months, with Walker & Dunlop Vice President Dough Hart leading the origination team. The 10-year term Fannie Mae loans have 30-year amortization schedules.

    28 June 2017 12:17

  • 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.

    21 June 2017 12:17

  • 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.

    19 June 2017 16:17

  • 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.

    14 June 2017 02:25

  • 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