Property Type

Why Fannie Mae, Freddie Mac Believe the Wind Is at Their Back

by John Nelson July 15, 2025

Fannie Mae and Freddie Mac are adopting a more pro-business approach when it comes to closing multifamily loans in 2025 than in recent years, when sources say they were more selective. The two government-sponsored enterprises (GSEs) combined to produce 33 percent more multifamily loans in first-quarter 2025 compared with first-quarter 2024. “There is definitely a ‘volume on’ mindset at both shops,” says Landon Litty, director of agency sales at BWE. “This is a real positive for borrowers.” For Fannie Mae, the volume of multifamily loans totaled $11.8 billion in the first quarter of 2025, compared with $10.1 billion in the first quarter of 2024. Meanwhile, Freddie Mac produced approximately $15 billion in multifamily loans in the first quarter, financing around 144,000 rental units, well above the approximately $10 billion produced in first-quarter 2024. “The first quarter of 2025 has been dynamic, with real-time adjustments to meet market needs while maintaining a focus on soundness,” says a spokesperson at Freddie Mac Multifamily. Other sources attest that the GSEs are focusing on their sponsors more so than in previous years. T.J. Edwards, chief production officer for the multifamily finance division at Walker & Dunlop, says the agencies are proactively vetting first-time borrowers …

July 15, 2025

Acquisitions Office Texas

Shorenstein Acquires 19-Story Sterling Plaza Office Building in North Dallas

by Taylor Williams July 14, 2025

DALLAS — San Francisco-based investment firm Shorenstein Investment Advisers has acquired Sterling Plaza, a 19-story, 320,000-square-foot office building located in the Preston Center submarket of North Dallas. The freshly renovated property was 89 percent leased at the time of sale and offers amenities such as a conference center, fitness facility and a tenant lounge. Shorenstein plans to implement additional capital improvements to the lobby, entryway, café and outdoor communal areas. The seller was California-based investment firm KBS. Robert Hill, Chris Murphy, Gary Carr and Austin Sheahan of Newmark brokered the deal. Chris Moritz, Andrew Porteous, Chris McColpin and Josh Francis, also with Newmark, are arranging the acquisition financing on behalf of Shorenstein.

July 14, 2025

Development Florida Southeast Student Housing

ACC to Break Ground on 898-Bed Student Housing Development Near University of Central Florida

by Abby Cox July 14, 2025

ORLANDO, FLA. — American Campus Communities (ACC) is set to break ground on an 898-bed student housing development located near the University of Central Florida (UCF) campus in Orlando. The development site is located adjacent to ACC’s existing Plaza on University community. Scheduled for completion in 2027, the development will offer studio, four- and five-bedroom floorplans. Amenities at the property — which is pursuing Fitwel certification — will include recreational and study spaces, a resort-style swimming pool and spa, outdoor kitchens, fire pits, lounge areas and modern fitness and wellness facilities. Niles Bolton Associates designed the project, while Clancy & Theys Construction will serve as the general contractor.

July 14, 2025

Florida Leasing Activity Multifamily Southeast

Global City, Gilu Welcome First Residents to 255-Unit Luxury Apartment Community in Fort Myers, Florida

by Abby Cox July 14, 2025

FORT MEYERS, FLA. — Global City Development and Gilu Development have begun welcoming residents to Reva, a 255-unit luxury apartment community located in Fort Meyers. Situated on Crystal Drive and Six Mile Cypress Parkway, the complex features a mix of one-, two- and three-bedroom floorplans ranging in size from 786 square feet to 1,690 square feet. Reva also offers three-bedroom villas with two-car garages and a private driveway. Rental rates begin at $1,700 for a one-bedroom unit. The community is anchored by a two-story, 6,200-square-foot clubhouse overlooking a private lake, with additional amenities including a swimming pool, fitness center with open-air workout spaces, meditation area, coworking areas with Zoom studios, event room, package lockers, onsite management and a convenience store located inside the clubhouse. Additionally, the community is offering a $1,000 bonus to “hometown heroes,” such as medical professionals, policemen and firefighters.

July 14, 2025

Hospitality Loans Southeast Tennessee

HKS Real Estate Arranges $25M Construction Financing for Dual-Branded Hotel in Antioch, Tennessee

by Abby Cox July 14, 2025

ANTIOCH, TENN. — HKS Real Estate Advisors has arranged $25 million in financing for the development of a dual-branded hotel located within the master-planned community of Century Farms in Antioch, approximately 12 miles southeast of downtown Nashville. The building will offer 189 rooms under the Hampton Inn brand and the Home2 Suites by Hilton brand. Mountain Commerce Bank provided $15.6 million in senior debt notes, while Nuveen provided $9.9 million in C-PACE financing for the borrower, Nish Jobalia and Nick Patel of Milap Hotels LLC.

July 14, 2025

Acquisitions Georgia Industrial Southeast

Triten Real Estate Acquires 151,200 SF Industrial Facility in Calhoun, Georgia

by Abby Cox July 14, 2025

CALHOUN, GA. — Triten Real Estate Partners has acquired a 151,200-square-foot industrial facility located at 103 Enterprise Drive SW in Calhoun. Positioned near I-75, the property offers transportation infrastructure, with proximity to the Georgia Ports Authority’s Appalachian Regional Port. This deal marks Triten’s first traditional industrial acquisition outside of Texas and in Atlanta, according to company representatives. The facility is fully leased through the end of the year. Austin Kriz of JLL represented Triten Real Estate in the transaction. The seller and sales price were not disclosed.

July 14, 2025

Industrial Loans Texas

Outrigger Industrial Receives $96.9M in Financing for Houston Industrial Property

by Taylor Williams July 14, 2025

HOUSTON — National investment firm Outrigger Industrial has received $96.9 million in financing for Generation Park Distribution Center, a 1.3 million-square-foot industrial property in northeast Houston. According to a property flyer from CBRE, Generation Park Distribution Center comprises an approximately 1 million-square-foot, cross-dock facility and a 255,871-square-foot, rear-load warehouse on an 87.5-acre site. Building features include 32- to 40-foot clear heights, 185-foot truck court depths and excess trailer parking. Barings provided the debt, which Outrigger secured on behalf of Centris Industrial, the private REIT that Outrigger sponsors and manages.

July 14, 2025

Build-to-Rent Development Single-Family Rental Texas

RSK Real Estate to Develop 156-Unit Build-to-Rent Community in Katy, Texas

by Taylor Williams July 14, 2025

KATY, TEXAS — Chicago-based RSK Real Estate Partners will develop a 156-unit build-to-rent residential community in the western Houston suburb of Katy. The site spans nine acres along Galileo Way, and the development will feature 103 three-bedroom homes and 53 two-bedroom homes with an average size of 1,600 square feet. Preliminary sitework is underway, and the first homes should be available for occupancy in mid-2026. Rick Ragan and Glenn Dickerson of NewQuest represented RSK in its site selection and land acquisition. Matthew Davis and Kristen McDade of Cushman & Wakefield represented the land seller, Morton Ranch Development LLC.

July 14, 2025

Acquisitions Office Texas

Avison Young Arranges Sale of 151,340 SF Office Building in North Dallas

by Taylor Williams July 14, 2025

DALLAS — Avison Young has arranged the sale of a 151,340-square-foot office building in North Dallas. The five-story building at 17787 Waterview Parkway was constructed on 5.2 acres in 1994. According to the Dallas Business Journal, the property was formerly the home of global technology firm Concentrix. Bruce Butler, Susan Gwin Burks and John Bowles of Avison Young represented the seller, an entity doing business as CFT NV Developments LLC, in the transaction. The buyer was the Board of Regents of the University of Texas System/University of Texas at Dallas.

July 14, 2025

Civic Development Texas

Partnership Breaks Ground on 142,000 SF Academic Project in Downtown Dallas

by Taylor Williams July 14, 2025

DALLAS — A partnership between three construction companies — BOWA, EJ Smith and Post L Group — has broken ground on the Dallas Independent School District (ISD) Nolan Estes Plaza, a 142,000-square-foot academic project in the city’s downtown area. Designed by Merriman Anderson Architects, the project will merge three schools within the Dallas ISD — Downtown Montessori Academy, CityLab High School and the Innovation, Design, Entrepreneurship Academy — into a three-story building at 912 S. Ervay St. Completion is slated for January 2027.

July 14, 2025

Newer Posts

Older Posts