Multifamily news in Houston
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Houston Property Receives $37M Refi
Arel Capital will use the senior loan provided by PCCP to refinance Bayou on the Bend, a 241-unit multifamily asset in the city’s Memorial neighborhood.
13 May 2019 13:06 -
Cortland Expands in Houston
The company used a Freddie Mac loan to finance the acquisition of Tradewinds at Willowbrook from Olympus Property, which had owned the 332-unit community for seven years.
13 May 2019 10:30 -
AvalonBay Sells Houston Property for $98M
Alliance Residential financed the acquisition of the 474-unit Archstone Toscano through a $66.7 million, four-year loan from Zions Bank.
07 May 2019 19:42 -
Affordable Houston Community Reopens Following Rehab
Dominium completed a $7 million interior and exterior overhaul at Quail Chase, a 248-unit development in the northern part of the metro.
06 May 2019 17:15 -
$32M Earmarked for Houston-Area Development
Greystone has provided Hunington Properties with construction financing to build a new green-certified community in Baytown that will consist of 265 market-rate units.
02 May 2019 13:39 -
Passco Grows Houston-Area Portfolio
The Grayson in Spring, Texas, traded for the first time since it came online in 2016. KeyBank Real Estate Capital arranged acquisition financing on behalf of the new owner.
25 April 2019 12:25 -
Madera Cos. Sells Houston Property
The 342-unit Park at Clear Lake last traded in 2015. Keener Investments took out a $23.5 million loan from Värde Partners to finance the acquisition.
23 April 2019 14:55 -
A Closer Look at Affordable Development in Houston
Rick Guttman, founder of local firm Dakota Enterprises, talks about what is driving the metro’s multifamily market as well as its most stringent issues.
22 April 2019 12:12 -
Finding Value in Houston’s Multifamily Market
Sanmore Investments' owner, Boris Sanchez, touches on multifamily investment and value-add opportunities in an often-overlooked part of the Texas metro.
19 April 2019 12:51 -
Houston Community Receives $11M Refi
Nitya Capital used the loan to retire a prior acquisition financing for the 176-unit Capewood Apartments. Arbor Realty Trust originated the seven-year Fannie Mae loan.
19 April 2019 09:33 -
Eagle Property Capital Expands Houston Portfolio
The company added to its holdings in the city with three communities totaling 750 units acquired through a private investment vehicle.
16 April 2019 12:25 -
Houston Community Lands $14M in Construction Financing
HS Development received a HUD 221(d)(4) loan for the 115-unit The Edge at Langham Creek project. MidHudson arranged the transaction, with Greystone as originator.
12 April 2019 07:39 -
Occupancy Down, Rents Up in Post-Hurricane Houston
Overall occupancy declined over the past year, as the aftermath of Hurricane Harvey continues to be felt, according to the latest report by Berkadia. Development is focused in the downtown core, where average rents grew by 4.3 percent.
11 April 2019 15:24 -
Houston Apartment Community Changes Ownership
Located in the heart of Houston’s Energy Corridor, the Ashford Apartments was purchased by Allied Orion Group in its first multifamily acquisition in 19 years.
04 April 2019 14:13 -
Houston Community Receives $26M Loan
Park Texas Apartments’ 587 units spread across 51 two-story buildings. The garden-style community is undergoing extensive capital improvements, following damage caused by Hurricane Ike.
22 March 2019 13:31