Dallas
Dallas Multifamily Report – Spring 2019
The metro remains a national leader in job creation, with 102,500 positions added for a 2.6 percent expansion year-over-year in February, slightly above the national growth rate.
FirstService Tapped to Manage Dallas Community
The company was selected by Trammell Crow Residential to oversee the 150-unit Carlisle & Vine, a recently built luxury rental property located in the city’s Uptown neighborhood.
CONTI Expands DFW Presence
Steadfast Income Reit sold the 350-unit Waterford on the Meadow after six years of ownership. Greystone originated a Fannie Mae loan for the acquisition of the Plano, Texas, asset.
Domain Communities Buys Dallas-Area Property
HFF marketed The Villas of Josey Ranch in Carrollton exclusively on behalf of the seller, a partnership between Harbert Management Corp. and Balfour Beatty Communities.
Wood Partners Breaks Ground on Fort Worth Community
The multifamily developer is building the 285-unit Alta Champions Circle nearby an 18-hole championship golf course.
NXT Capital Provides $61M Refi for Dallas Property
The 400-unit community is located in the city’s Design District and is just one of several financing transactions secured by the Chicago-based firm in the busy Dallas-Fort Worth multifamily market in recent months.
Wood Partners Breaks Ground on Suburban Dallas Community
The 288-unit Alta 289 in Plano is slated for completion in late fall with preleasing beginning in the summer.
DFW Community Changes Hands
Marcus & Millichap facilitated the sale of the 288-unit Aspen Woods in Arlington. The new owner intends to execute a capital improvement program on the property.
Pacific Life Acquires North Texas Community
Jefferson LasCo is the fifth property developed by JPI in the Las Colinas submarket of Dallas.
Steadfast Cos. Sells 400-unit DFW Community
Greystone originated a $36.6 million Fannie Mae acquisition loan for the new owner, Texas-based CONTI Organization, which plans to rebrand the property as Bella Vista Apartments.