TEXAS — KeyBank Real Estate Capital has provided $157.2 million in financing for a portfolio of seven skilled nursing facilities in Texas. The facilities are located in Mission, McAllen, Weslaco, Rio Grande City, Spring, Seguin and Eagle Pass. The number of beds was not disclosed. Grant Saunders, Peter Trazzera and Patrick Gilbreath of KeyBank originated the financing, which carries a 35-year term and a fixed interest rate, through the FHA’s 232/223(f) mortgage insurance program. The borrower is Wellsential Health.
DALLAS — JLL has arranged an undisclosed amount of financing for The Quad, a 500,000-square-foot office and retail property in Uptown Dallas. Completed last year, The Quad consists of two office buildings and six retail/restaurant buildings, as well as an acre of communal outdoor space. Colby Mueck and Greg Napper of JLL arranged the five-year loan through accounts managed by global investment firm KKR. The borrower was Stream Realty Partners.
KINGWOOD, TEXAS — Local developer Caldwell Communities will build a 220-unit active adult project in Kingwood, located north of Houston. Cadence Creek Kingwood will feature one- and two-bedroom units that will be reserved for renters age 55 and above. Amenities will include a pool, courtyards, a game room, fitness center, community craft room, bark park, coffee lounge and a private dining room. Construction is scheduled to begin next year, and the first move-ins will commence in 2027.
CORPUS CHRISTI, TEXAS — Dallas-based brokerage firm Disney Investment Group (DIG) has negotiated the sale of Huntington Square, a 90,768-square-foot shopping center in Corpus Christi. The center was 96 percent leased at the time of sale to tenants such as Dollar Tree, Ferguson Home, Freedom Fitness and Physicians Premier ER. David Disney and Adam Crockett of DIG represented the seller, LRIC Properties, in the deal and procured the buyer, Harkinson Investment Corp. The sale included 4.7 adjacent, undeveloped acres.
CARROLLTON AND ADDISON, TEXAS — Metro Philadelphia-based CenterSquare Investment Management has acquired a two-property industrial service portfolio totaling 86,388 square feet in the northern Dallas metros of Carrollton and Addison. Known as Metropolitan Infill, the portfolio offers suites averaging approximately 5,400 square feet in size with 12- to 16-foot clear heights and a mix of dock-high and grade-level loading doors. The portfolio was fully leased at the time of sale.
DALLAS — Crow Holdings will undertake a $100 million renovation of the Hilton Anatole, a 1,610-room hotel located northwest of downtown Dallas. Trammell Crow Co. originally developed the hotel on a 52-acre site in 1979. The renovation will be carried out in phases over the next several years, with completion slated for 2028. Updates to 718 guestrooms were recently completed, and the next phase will include renovations to another 899 guestrooms and 600,000 square feet of meeting and event space. The project will also enhance the hotel’s food-and-beverage offerings, which at present include nine restaurants and bars. The Hilton Anatole also houses a water park and curated art from the Crow family collection.
WACO, TEXAS — Development Ventures Group, known as Deven Group, and Austin-based owner-operator Parallel will develop a 631-bed student housing project near Baylor University in Waco. The site at the corner of James Avenue and 5th Street will house a seven-story building with 265 units in studio through five-bedroom configurations. Amenities will include a resort-style pool and a sky lounge. The groundbreaking for the project is scheduled for April 2026, with completion planned for summer 2028. Teddy Leatherman of JLL and Ryan Lang of Newmark structured the partnership between the two groups.
HOUSTON — Dallas-based investment firm Knightvest Capital has sold Lakeside, a 296-unit apartment community in southwest Houston. Built in 2001, Lakeside offers one-, two- and three-bedroom units with an average size of approximately 1,000 square feet. Newly added or upgraded amenities at Lakeside include a clubhouse, pool, fitness center and a dog park. David Mitchell of Newmark represented Knightvest in the transaction. Colin Cross, also with Newmark, arranged financing on behalf of the buyer, Pegasus Real Estate.
BRYAN, TEXAS — Dallas-based brokerage firm The Multifamily Group (TMG) has negotiated the sale of Clearleaf Crossing, a 76-unit complex located in the Central Texas city of Bryan. Built in 1983, the property exclusively offers three-bedroom units with an average size of 1,400 square feet. Yonnic Land of TMG represented the seller in the transaction. Dylan Tomor, also with TMG, represented the buyer, which plans to implement capital improvements. Both parties requested anonymity.
SPRING, TEXAS — Locally based brokerage firm SVN | J. Beard Real Estate has arranged the sale of an 11,250-square-foot retail strip center in Spring, a northern suburb of Houston. The center is home to tenants such as Sherwin-Williams and Shogun Japanese Grill. Matt Knagg of SVN | J. Beard represented the buyer in the transaction. Austen Baldridge and Bob Conwell of NewQuest represented the seller. Both parties requested anonymity.
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