Berkadia arranges $33.9 million bridge loan for Class A apartments in San Antonio
Berkadia announces it has arranged $33.9 million in bridge financing for the recapitalization of Timberhill Commons, a 340-unit multifamily community in San Antonio. Senior Managing Director Charles Foschini of Berkadia Miami secured the loan...
The NRP Group, H.I.G. Capital Break Ground on Multifamily Development Outside Dallas Texas
The NRP Group, a vertically integrated, best-in-class developer, builder, and manager of multifamily housing, in partnership with H.I.G. Realty Partners, the real estate platform of global investment firm, H.I.G. Capital, has broken ground on...
Institutional Property Advisors closes Dallas-Fort Worth multifamily asset sale
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of The Grand on Beach, a 304-unit apartment complex in Haltom City, Texas.
“The Haltom City-Meacham submarket continues to be one of...
Institutional Property Advisors Expands Top-Tier Multifamily Broker Team with William Hubbard in Dallas-Fort Worth
Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced that multifamily investment specialist William Hubbard has joined IPA in Dallas, Texas.
In his new...
IWAE alerts geothermal heat pump owners regarding new federal tax rebate
IWAE.com issued an alert to property owners who purchased and installed a geothermal heat pump in the United States on or after January 1, 2017. Such persons who are also United States citizens are...
Berkadia arranges financing for July Residential’s acquisition of a 1,275-unit multifamily portfolio in Houston
Berkadia announces it has secured financing for July Residential’s acquisition of a 1,275-unit multifamily portfolio of communities located in Houston, Texas. The five assets in the property, all built between roughly 1976 and 1983,...
Waterton acquires 330-unit apartment community in Cypress, Texas
Waterton, a U.S. real estate investor and operator, today announced it has acquired Carrington at Barker Cypress, a 330-unit rental community at 7202 Barker Cypress Road in Cypress, Texas – approximately 25 miles northwest...
First-half multifamily closings by IPA Texas top $876 million
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announces that in the first six months of 2018, IPA Texas completed 24 multifamily sales throughout Texas totaling 8,972 units. The cumulative sales price...
The Multifamily Group Completes the Sale of 80-unit Stepping Stone Apartments in San Antonio
The Multifamily Group (TMG), a Dallas-based commercial real estate brokerage firm, announced the facilitation of the B-Class Stepping Stone Apartments sale in San Antonio. Paul Yazbeck represented the seller, a trusted local owner with...
Newmark arranges sale of 309-unit value-add multifamily property in Northeast San Antonio
Newmark announces the sale of Alamo Park, a 309-unit value-add multifamily asset located in northeast San Antonio, Texas. The property traded from Achieve Investment Group—an Austin-based value-add multifamily investment firm— to River Rock Capital,...
The Multifamily Group transacts 89 units in Oklahoma City
The Multifamily Group (TMG), a Dallas-based commercial real estate brokerage firm, announced this week that it had facilitated the sale of Pelican Hill Apartments, an 89 unit garden-style multifamily asset located in Oklahoma City.
Managing...
Capstone Brokers $26.1M Multifamily Sale in the Atlanta Georgia MSA
Capstone Companies announces the $26,100,000 sale of Lancaster Ridge Apartments: a 145-unit, garden-style apartment community located in the Canton submarket of the greater Atlanta, GA MSA.
The Capstone transaction team was led by Managing Director...
Dallas adopts its first housing policy
This week the Dallas City Council approved its first-ever housing policy intended to help remedy its affordable housing shortage, a deficiency estimated to be around 20,000 units. The plan attributes the shortfall to the...
HUD approves $5 billion Texas disaster recovery plan
U.S. Department of Housing and Urban Development (HUD) Secretary Ben Carson today announced he is approving a disaster recovery plan to help Texans recover from Hurricane Harvey. In November, HUD Deputy Secretary Pamela Hughes...
West Shore acquires fifth apartment community in Kentucky
West Shore, a multifamily real estate investment firm, announces its acquisition of Bridle Creek Apartments, an upscale apartment community in Lexington, Kentucky. This is West Shore’s fourth acquisition in Lexington and fifth in Kentucky....
