Houston
Abbey Residential Snags Houston-Area Community
Berkadia arranged the sale on behalf of the seller, Mill Creek Residential. The 396-unit Modera Spring Town Center comprises 21 two- and three-story buildings.
Texas Multifamily Portfolio Lands $77M Refi
The portfolio was refinanced over the course of six months, with Walker & Dunlop Vice President Dough Hart leading the origination team. The 10-year term Fannie Mae loans have 30-year amortization schedules.
MCA Secures Houston Memory Care Construction Loan
MCA has secured a $7.1 million loan for the project, which will feature 90 beds and a community center. Guidon Building Solutions will develop the facility in two phases.
Allied Orion Tapped to Manage Houston’s Bayou on Bend
The Arel Capital-owned 242-unit luxury property is located in the Memorial neighborhood, overlooking the downtown district. The community includes more than 60 floor-plan variations, as well as some two-story units.
Houston Portfolio Lands $130M in Financing
Berkadia arranged the financing for H7, a community that encompasses more than 2,000 units and was 93 percent occupied at the time of the transaction.
NAPA Ventures Nabs 2 Communities in Lake Jackson, TX
In partnership with a private equity group, NAPA Ventures acquired two communities totaling 401 units. The company plans to renovate both properties.
Nitya Capital Acquires Vintage Community in Westchase District
The transaction increases Nitya Capital’s Texas portfolio to more than 9,000 units and $710 million worth of assets under management.
Sagora Senior Living Sets Foot in Katy, TX
The senior housing operator acquired The Orchard Assisted Living & Memory Care, their first community in Katy, Texas. The property consists of 50 assisted living units and 40 memory care apartments.
Museum BLVD’s Final Look
Reflecting the design of nearby museums, the mid-rise Houston development will flaunt a building envelope composed of stucco featuring a façade with ceramic tile pattern. First-floor condos will offer expanded outdoor living spaces with artistic railings created from laser-cut metal.
Arrimus Announces Student Housing Acquisition, New Hire
The Class A property, located less than a block from the University of Houston, offers 654 beds within two five-story buildings and was named “Best Off-campus Apartments” property by the university’s students.