Houston
CBRE Brokers Houston-Area Community Sale
Senior Vice Presidents Clint Duncan and Matt Phillips represented seller Investors’ Property Services in the disposition of the 576-unit Madison Park Apartments, while Executive Vice President Michael Thompson arranged the financing.
Houston-Area Value-Add Changes Hands for $15M
Wimbledon Apartment Homes represents Canadian Western Wealth Capital’s first acquisition in Houston and the forth in Texas. The property encompasses 161 units.
L5 Investments, BH Equities Sell Houston Asset
GVA Real Estate Group has acquired the Huntington Glen Apartments, a 364-unit community that includes two pools and a playground.
Dalcor Holdings Secures $52M for Houston Affordable Housing
The company’s plan to acquire and restore the 805-unit Vista on Gessner is significant to the area because Hurricane Harvey caused damage to the housing stock.
JV Lands $72M for Houston Property
Dinerstein Cos. and Coventry Real Estate Advisors secured the loan to refinance Millennium High Street, a 340-unit community with 26,000 square feet of retail space.
HUD Approves $5B State Action Plan for Harvey
The Texas General Land Office will directly administer and oversee the programs associated with the Community Development Block Grant – Disaster Recovery funds.
Praedium Group Snags Houston Community
Discovery at Mandolin comprises 260 units and access to a dog park, a fitness center and a cybercafe. The property is set to undergo capital improvements.
Ryan Cos., Grand Living Plan 2 Luxury Senior Communities in Texas
The communities include the Grand Living at Riverstone in Sugar Land and Grand Living at Georgetown. Both will have 180 units and feature an age-in-place model.
Houston Apartment Portfolio Attracts Competitive Offers
Florida-based One Real Estate Investment has purchased Houston Southwest Two Pack, which comprises Airport Gardens and Airport Landing, totaling 412 units.
Advenir Secures $173M to Refinance Denver, Houston Properties
HFF arranged the loans on behalf of the borrower through Freddie Mac’s CME Program. Proceeds will refinance floating-rate debt on five assets.