Houston
Hunt Arranges Refi for 940-Unit Houston Affordable Property
The $28.3 million Freddie Mac financing will be used to upgrade interiors of vacant units and add a leasing office and fitness center to The Heights at Post Oak.
Houston Multifamily Report – Spring 2019
Years of robust development are raising concerns about overbuilding, with occupancy in stabilized properties down 140 basis points year-over-year as of February.
Harbor Group Grows Houston Portfolio
The 232-unit The Arrabella traded for the first time since it came online in 2015. The new owner financed the acquisition through a $39.6 million Freddie Mac loan.
Newly Completed Houston Community Receives $28M Refi
Leon Capital Group will use the financing to retire an existing construction loan from Bank OZK for their 220-unit 1711 Caroline community.
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.
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.
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.
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.
$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.
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.