Houston
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.
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.
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.
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.
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.
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.
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.