Dallas
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.
Capstone Grows TX Management Presence
The company adds another four properties with a total of 512 units to its portfolio.
Presidium, Partners Group Close $210M Recap
The two companies signed a $210 million recapitalization deal for a portfolio comprising eight assets, one of which is under construction.
KWA Completes Dallas Smart Community
Digit 1919, a four-story community, features high-tech amenities such as app-controlled thermostats and live-feed wireless security cameras.
BSR Trust Grabs 474-Unit Dallas Property
Invesco Real Estate sold Windhaven Park Apartments in Plano, Texas, and JLL arranged the acquisition financing on behalf of the new owner.