Dallas
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.
Dougherty Closes Acquisition Loan in South Dallas
The company secured a $6.6 million Fannie Mae loan for the acquisition of a 113-unit multifamily asset in DeSoto, Texas. Dougherty’s Minneapolis and Vienna, Va., offices arranged the financing through a partnership with Old Capital Lending.
Pure Expands TX Portfolio With $66M Acquisition
Alliance Residential sold Farmers Market Apartments, a 340-unit community in Dallas. The new owner plans to rebrand the property as PURE Farmers Market.
BRT Buys Dallas $39M TX Community
The company purchased Gateway Oaks in Forney, Texas. The 313-unit community offers one-, two- and three-bedroom units ranging from 564 to 1,410 square feet.
ZOM Living Breaks Ground on Dallas Luxury Community
Scheduled for completion in 2019, The Kinstead will be a 376-unit community in McKinney, Texas. ZRS Management will be in charge of leasing and management of the upcoming multifamily property.
EdR Opens Texas Student Housing
The 490-bed student housing community is situated in the eastern edge of the Dallas-Fort Worth Metroplex. The approximately 137,000-square-foot project will be home to the first-year college students.
Dougherty Secures Acquisition Loan in North Dallas
Dougherty Mortgage closed a $34.3 million Fannie Mae acquisition loan for a 240-unit community in Plano, Texas. The 10-year term loan has five years of interest-only payments and a 30-year amortization schedule.
Greysteel to Market 2 Dallas Properties
The Bailiwick and Tree Top include a total of 100 units and are roughly 50 years old.