Dallas
Dallas: Corporate Juggernaut
The DFW metro continues to achieve some of the fastest job and household growth rates in the U.S. The area’s economy is among the most diverse in the country and added 145,000 residents in 2016 alone.
Dougherty Secures $7M Acquisition Loan
On behalf of a private investor, Dougherty arranged the financing for the purchase of a Garland, Texas, market-rate community. The 12-year term, three-year interest-only Fannie Mae loan has a 30-year amortization schedule.
New Luxury Senior Living Community Coming to Dallas
Construction is underway at Firewheel Senior Living Residences, a new 154-unit community in Garland, Texas. Seneca Investments plans to open the property by the end of 2018.
California Investor Expands Texas Portfolio
Creative Realty Partners acquired a 117-unit Dallas multifamily asset from Wellington Realty. The sale was subject to a $5.8 million loan from Hunt Mortgage Group.
BRT Nabs 509-Unit DFW Community
BRT Apartments Corp. purchased Mercer Crossing from Provident Realty Advisors for roughly $86 million. For the acquisition, the buyer obtained a $55.2 million loan from Barings Multifamily Capital.
Marcus & Millichap Arranges Sale of Two Texas Communities
The company worked on behalf of two Texas-based sellers for the sale of a 484-unit community in Fort Worth, Texas, and for the 536-unit property in Dallas.
Meridian Secures $32M for Far North Dallas Community
Azure Partners is set to acquire a 267-unit community in Fairview, Texas, completed last year. Meridian’s Abe Hirsch and Moshe Majeski secured the five-year, fixed-rate loan.
Chicago Investor Buys Dallas Apartments
Waterton acquired South Side Flats, a 288-unit community that offers a mix of studio, one- and two-bedroom apartments. The deal marks the company’s third multifamily acquisition in 2017.
Austin Investor Acquires 10th Property in DFW
NAPA Ventures plans to renovate both the exterior and interior of The Falls Apartments, its newly acquired 208-unit property in metro Dallas.
Texas Multifamily Portfolio Lands $77M Refi
The portfolio was refinanced over the course of six months, with Walker & Dunlop Vice President Dough Hart leading the origination team. The 10-year term Fannie Mae loans have 30-year amortization schedules.