Dallas
GFI Acquires Newly Built Dallas-Area Community
Davis Development sold Venue Craig Ranch, a 277-unit, garden-style multifamily property in McKinney, Texas. The buyer is an affiliate of GFI Capital Resources.
CA Senior Living Acquires TX Senior Housing Portfolio
The three properties include the 107-unit Village Assisted Living and Memory Care in Denton; the 92-unit Village at Mapleshade in Plano; and the 107-unit Village at Stonebridge in McKinney. The properties opened in 2016, 2015 and 2014, respectively.
JPI Closes Financing for Upscale TX Community
Located in the Las Colinas neighborhood of Irving, Texas, Jefferson Promenade will include 387 units. The property will be located close to the 1,000-acre Cypress Waters master-planned development.
Dougherty Arranges Loan for 136-Unit Buy
Dougherty Mortgage closed an $8 million loan for the acquisition of a 136-unit community in Balch Springs, Texas. The national mortgage banking firm represented the borrower.
Walker & Dunlop Welcomes New SVP
Chris Harris will be responsible for nationwide structured finance and equity placement. He joins the company from Criterion Development Partners, where he served as principal & CFO.
Greystar Unveils Elan River District in Fort Worth
The 325-unit luxury community is located along the Trinity River on the west side of Fort Worth. The units include high-end finishes and resort-like amenities.
Far North Dallas 420-Unit Community Lands Refi
Working on behalf of Lantower Residential, HFF arranged a 10-year, fixed-rate loan for The Cortona, a 420-unit multifamily property in Fairview, Texas.
Dougherty Secures Acquisition Loan in Dallas
Dougherty Mortgage closed a $5.3 million Fannie Mae loan for the acquisition of a market-rate community in Dallas. Dougherty’s Minneapolis and Vienna, Va., offices arranged the financing through a partnership with Old Capital Lending.
Greysteel Brokers Sale of 814-Unit Dallas Portfolio
Forest Cove features 656 units and North Creek includes 158 units. Greysteel Managing Directors Doug Banerjee and Boyan Radic, Senior Investment Associate Andrew Mueller and Investment Associate Andrew Hanson negotiated the sale.
Western Securities to Expand TX Community
Designed by BGO Architects, Phase II of Mustang Station in Farmers Branch, Texas, will encompass 186 units. KWA Construction serves as the general contractor on the project.