Dallas
The Praedium Group Sells TX Community
Legends at Chase Oaks in Plano offers 346 units and underwent a comprehensive capital improvements program since its purchase back in 2014.
StreetLights Residential Opens Dallas Luxury Community
The Christopher represents the second phase of RED Development’s project The Union, a mixed-use property located in the city’s Uptown area.
264-Unit Partially Affordable Asset Sells in TX
Gresysteel arranged the transaction and also facilitated $14 million in acquisition financing. Pangea Properties originated the loan, which matures in October 2019.
Suburban Dallas Community Receives Supplemental Loan
Dougherty Mortgage secured a $3 million loan for the 134-unit Landen in Irving, Texas, which complements the existing acquisition financing.
LaSalle Investment Management Acquires Dallas Property
Drawn to the metro’s growing population and strong job market, the firm has purchased a 152-unit luxury rental community in the affluent Turtle Creek submarket.
Hilltop Residential JV Buys 399-Unit Asset in DFW
The Class A Watervue last changed hands in 2012, as part of a portfolio deal. The new owners plan to invest in interior improvements.
JPI Begins Work on 282-Unit Dallas Community
Jefferson Texas Plaza is the developer’s 10th community in the Irving-Las Colinas submarket. The property will be close to the University of Dallas and the Toyota Music Factory complex.
Dallas Community Changes Hands
NorthMarq Capital provided the buyer, MORE Residential, with more than $43 million in Freddie Mac acquisition financing for the 2013-built asset.
Multifamily Dallas Report – Winter 2019
An accelerating pipeline that brought nearly 75,000 units online since the beginning of 2015 slowly dampened rent growth to 2.1 percent year-over-year as of November 2018.
Affordable Dallas-Area Portfolio Changes Hands
Greysteel has facilitated the sale of Ironwood Crossing and Rush Creek Apartments, two properties encompassing 528 units. The company also arranged acquisition financing totaling $37 million.