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Category Archives: Multi-Family

RNR Apartment Briefs

HOUSTON – FSC Realty, LLC, based in Beverly Hills, Calif., has purchased The Retreat at Conroe, a 210-unit Class A multifamily community in Conroe. CBRE Houston’s Multifamily Investment Properties Group announced the sale on behalf of Houston-based The Retreat at Country Club Park, LLC. The luxury community, at 2951 North Loop 336 West in Conroe, was completed in 2013 and is 97 percent occupied. “The Conroe area is going through ... Read More »

RNR Apartment Briefs

HOUSTON – Embrey Partners, Ltd., and Stonelake Capital Partners, LLC, have opened a four-story, luxury, multi-family rental community at Highway 249 and Cypresswood Drive in northwest Houston. The project consists of 336 high-end units on 15.42 acres. Highpoint at Cypresswood is an urban contemporary, surface-parked project consisting of two, four-story buildings with six elevators. “Our goal is to provide a ... Read More »

RNR Apartment Briefs

HOUSTON – HFF has announced that it closed the sale of SouthWind, a 312-unit, Class A multi-housing community in Pearland. HFF marketed the property on behalf of the seller, a TIC ownership group managed by Joseph and Henry Mandelbaum of RealTax Inc.  An entity, owned by JMG Realty, purchased the asset for an undisclosed amount. SouthWind is at 9720 Broadway Street near State Highway ... Read More »

RNR Apartment Digest

HOUSTON - JPI/TDI companies has begun construction on a 198-unit multi-family community near the northwestern edge of downtown and Washington Avenue in Houston. The community, Jefferson Heights, is at 1520 N. Memorial Way. Jefferson Heights is being developed on 1.47 acres, less than a mile from the theater district. The construction loan was provided by Texas Capital Bank, the remaining capitalization was arranged by JLL (Jones ... Read More »

$200 Million Seniors Project Coming to Lady Bird Lake Site in Austin

AUSTIN – A development team has been chosen to undertake a $200 million redevelopment and expansion of the Rebekah Baines Johnson seniors housing project on Lady Bird Lake in Austin. The developers have formed a development entity called Cesar Chavez Lakeview Village LLC and its proposal includes: 250 new units of affordable senior housing 250 units of renovated senior housing ... Read More »

RNR Apartment Digest

AUSTIN – Transwestern’s Austin-based Multifamily Capital Markets Group has brokered the sale of the Springwood Apartments in San Antonio. Calton Investments, a Boerne, Texas-based multifamily investment firm acquired the property for an undisclosed price. Springwood, developed in 1984, is a 176-unit residential community which went through foreclosure in March 2012.  The property is located at 1400 Gardina Street in northeast San Antonio. Transwestern’s Jeff Rogers ... Read More »

Hunington Starting Multifamily Project in Energy Corridor

HOUSTON – The Energy Corridor district in west Houston, where job growth is exceptionally strong, is getting new multifamily units. The latest: a 352-unit apartment complex by Houston-based Hunington Residentialwill be constructed on an eight-acre site in Wolff Companies’ Ten Oaks, an 82-acre mixed-use development in The Energy Corridor. Extensive office construction and job growth in The Energy Corridor is ... Read More »

Wood Partners Building 313 Units in Dallas

DALLAS – Wood Partners has broken ground onAlta Farmers Market, a 313-unit apartment community on 4.7 acres near the Dallas Farmers Market in downtown Dallas. “We broke ground on Farmers Market just over a month ago and are making great progress,” said Wood Partners development associate Ryan Miller. “With the revitalization of the Dallas Farmers Market next door and a ... Read More »

Turning a Page in Multifamily History: The Last of the Inner Loop Garden Style

HOUSTON  - City Park (formerly The Retreat at City Park), a 308-unit, Class A multi-housing community in Houston’s Inner Loop has been purchased by Alliance Residential. “City Park is one of the last ‘Inner Loop’, garden-style communities built in Houston before land values required higher-density/mid-rise developments, offering a sustainable competitive advantage that will benefit new ownership for years to come,” ... Read More »

Major Multi-Family Portfolio Sold Near Texas Medical Center

HOUSTON –  The Texas Medical Center Portfolio, which is comprised of El Mundo Park, Plaza Del Oro and San Marin, three Class A multi-housing communities near the Texas Medical Center in central Houston has been sold to an Atlanta group. HFF marketed the portfolio on behalf of the seller, LeCesse Development Corp.  Entities owned by Georgia-based JMG Realty Inc. purchased all ... Read More »

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