Houston
Houston Embarks on Healing Process
The outlook for the multifamily sector will brighten as residents in need of housing absorb the new supply. Rents showed positive growth for the first time in more than a year.
Allied Orion Group to Manage Houston Affordable Housing
The community, located in Crosby, Texas, and currently undergoing renovations, contains 86 units and five buildings.
Houston Luxury Apartments Add Co-Working Space
Ascension on the Bayou, a 280-unit community, has opened the 10,000-square-foot amenity, the first of its kind in the city. The space allows startups and companies a workspace in the main lounge, and co-workers are permitted to use resident amenities.
Westmount Realty Capital Hooks Houston’s Copper Mill
Renovations are planned for the 34-year-old garden-style community, which is currently 98 percent occupied.
PGIM, Hanover Snap Up Houston Property
The JV has acquired Mosaic at Hermann Park, a 396-unit community with 20,087 square feet of ground-floor retail space.
Houston Community Lands $11M Refi
The sponsor obtained a Fannie Mae mortgage to refinance this 300-unit community which sustained no damage in the wake of Hurricane Harvey.
Hunt Secures Fannie Mae Loan for TX Portfolio
The sponsors obtained two loans to refinance the 888-unit, three-property portfolio. The proceeds will pay for energy- and water-saving improvements.
Aussie Developer Caydon Breaks Ground on First US Project
The community, 2850 Fannin Street in Houston, will be 27 stories tall and include 357 units. Amenities will include a pool with swim-up bar, yoga studio, dog park and sky lounge.
S2 Capital Buys 2 Houston Communities
S2 Capital acquired Avalon at Royal Oaks and Village at Uvalde from One Real Estate Investment. The two properties, totaling 882 units, traded for more than $60 million.
JLL Closes 238-Unit TX Community Sale
M-DW LP sold a 238-unit multifamily community in Galveston, Texas. Gulf Coast Kington Properties purchased the 15-building property, which includes one- and two-bedroom units.