Houston
Houston-Area Communities Land $87M in Financing
Two Houston-area multifamily assets, totaling 1,553 units, received $87 million in financing. Combining first mortgage and mezzanine loans, both projects obtained floating-rate, interest-only and non-recourse loans.
Transwestern’s Houston Group Completes Sale of Pindo Pointe
Winslow Asset Management purchased the 164-unit community, which is located in Beaumonth, Texas.
Empire Square Group Sells 980-Unit TX Portfolio
Marcus & Millichap represented the seller in the transaction and procured the buyer, Falls Apartment Group. The portfolio comprises Alta Vista and Las Villas, two communities located in Pasadena.
Provident Realty Lands $122M for Historic Houston Mixed-Use
HFF secured a floating-rate bridge loan through TPG RE Finance Trust. The financing will be used for redeveloping The Star, which will feature 286 units.
HFF Arranges Sale, Financing of Metro Houston Apartments
Hilltop Residential is the new owner of Villages of Cypress Creek, a 384-unit, Class A community in the city’s northwest suburb of Cypress, Texas.
CBRE Facilitates Sale of North Houston Community
Casa Verde Apartments, a 44-year-old, garden-style community, located in north Houston, has been undergoing renovations for the past two years.
Capstone Expands Texas Portfolio With 4 Communities
Capstone Real Estate Services was awarded management of Sansom Park, Riverwalk, Hays Junction II and St. Paul’s Square Senior. The properties total more than 450 units.
Hurricane Harvey’s Multifamily Impact
Industry experts weigh in on what the effects of the storm mean for Houston, its residents and the market as a whole.
Yardi Launches Hurricane Harvey Registry; Pledges $1M
To help the tens of thousands of people affected by Hurricane Harvey and to assist its multifamily clients in the region, Yardi has leveraged its RENTCafé property marketing and leasing platform to create a housing registry website that will help displaced residents find temporary and permanent homes.
Parc Takes a Walk in TX
Parc at Traditions, a 159-unit luxury senior community, marks the company’s first property in Texas. The asset is opening its doors this fall and will provide independent living, assisted living and memory care services.