Dallas
The Praedium Group Acquires TX Community
Located in the Dallas-Fort Worth suburb of Grapevine, the 291-unit Terrawood comprises one- to three-bedroom apartments and amenities such as a salt water pool and glass-encased conference center.
Stillwater Launches Dallas Project
Featuring 336 units, The Crosby is being developed in Dallas’ Deep Ellum submarket, and will include 3,000 square feet of co-working space.
CBRE Arranges Sale of Affordable Property in Dallas
Dominium Development and Acquisition purchased Rosemont at Timber Creek from Cascade Affordable Housing. Jeff Kunitz, Alex Medeiros, Chris Deuillet and Chandler Sims of CBRE represented the seller in the transaction.
JPI Expands TX Footprint
The company is bringing another luxury development to Farmers Branch in the form of Jefferson East Branch, set to be constructed in two phases between 2018 and 2020.
JLL Secures Acquisition Financing for S2 Capital
Benefit Street Partners provided the loan to S2 Capital for the acquisition of Oakland Hills Apartments in Fort Worth, Texas.
HFF Secures Refi for Dallas Community
The company secured the loan on behalf of the borrower, Advenir Inc. The 332-unit community received the loan through Freddie Mac’s Capital Markets Execution Program.
Berkadia Secures Refi for 384-Unit Community
Berkadia lined up a seven-year, fixed-rate Fannie Mae loan to refinance the Mansions at Timberland, a 384-unit multifamily property in Fort Worth, Texas.
Dougherty Secures Acquisition Loan for DFW Community
Representing TS Asset Toscana, Dougherty Mortgage closed a Fannie Mae acquisition loan for Toscana Apartments, a market-rate community in Bedford, Texas.
Top 10 Dallas Apartment Owners
The city continues to enjoy a thriving economy and a growing demographic expansion. However, as a result of the recent construction surge, the metro’s average occupancy rate decreased last year.
Demographic Expansion Pushes Up Demand in Dallas
Investors remain bullish, as $5 billion in multifamily assets traded in DFW last year. The recent construction surge has come at a cost, as the occupancy rate dropped by 40 basis points to 95.4 percent as of September 2017.