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DevelopmentLoansMultifamilySeniors HousingTexas

Nuveen Provides $38.6M in C-PACE Financing for Seniors Housing Development in Central Texas

by Taylor Williams

HORSESHOE BAY, TEXAS — Nuveen Green Capital has provided $38.6 million in Commercial Property Assessed Clean Energy (C-PACE) financing for the development of a new seniors housing community in Horseshoe Bay, roughly 50 miles northwest of Austin. The borrower and developer is Falcon Senior Housing. Dubbed The Statesman at Horseshoe Bay, the community will total 313,714 square feet upon completion and will feature 180 independent living, assisted living and memory care units. Financing for the project also includes EB-5 immigration investment funds.

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LoansOfficeTexas

JLL Arranges Refinancing of Portion of Old Parkland Office Campus in Uptown Dallas

by Taylor Williams

DALLAS — JLL has arranged a loan of an undisclosed amount for the refinancing of six office buildings totaling 288,217 square feet within the historic Old Parkland campus in Uptown Dallas. The campus was originally built in 1894 as a teaching hospital and has been redeveloped and repositioned over the past 20 or so years. John Rose, Ryan Pollack and Jordan Buck of JLL arranged the five-year, fixed-rate loan through funds affiliated with Blackstone Real Estate Debt Strategies. The borrower was not disclosed.

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AcquisitionsMultifamilySeniors HousingTexas

Focus Healthcare Acquires Continuing Care Retirement Community in West Houston

by Taylor Williams

HOUSTON — Focus Healthcare Partners has acquired The Buckingham, a continuing care retirement community in West Houston. The property’s unit count was not disclosed. Focus acquired the 23-acre property through a court-supervised auction process at the beginning of this year and has since rebranded The Buckingham as Laural Parke Senior Living. LCS will operate the independent living, assisted living and memory care units on behalf of Focus. Ignite Medical Resorts will operate the skilled nursing services at the property.

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AcquisitionsIndustrialLee & AssociatesTexas

Lee & Associates, Younger Partners Broker Sale of 12,006 SF Industrial Building in Arlington

by Taylor Williams

ARLINGTON, TEXAS — Lee & Associates and Younger Partners have co-brokered the sale of a 12,006-square-foot industrial building in Arlington. The building at 1300 E. Corporate Drive was originally constructed in 1976. Alex Wilson and Mark Graybill of Lee & Associates and Justin Moreau of Younger Partners co-brokered the deal. The buyer and seller were not disclosed.

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Market ReportsMultifamilyTexasTexas Market Reports

The Best Multifamily Deals in Texas Aren’t Where You Think

by Taylor Williams

By Alan Stalcup, founder, CEO, GVA Real Estate Austin’s apartment inventory grew 33 percent from 2020 to 2025, according to data from Marcus & Millichap — the fastest rate in the country. In addition, data from CoStar Group and the U.S. Census Bureau show that vacancy is sitting at 14 percent, roughly double the national average. That’s what happens when every investor in America chases the same story at the same time. Austin isn’t a bad market. It’s a great city. But the math doesn’t work right now. When vacancy is 14 percent and new supply keeps getting added, buyers aren’t buying yield; they’re buying a prayer. The opportunities in Texas didn’t disappear; they moved. And they moved to places most investors aren’t looking. The Places Nobody’s Watching The Rio Grande Valley has between 1.4 and 1.5 million people, according to Census data. That’s not a small market. It’s a large, underfollowed one. McAllen, Harlingen, Brownsville — these cities have real population bases, stable renter demand and almost no institutional competition. Rents sit around $700 per month. GVA has been pushing $240 increases — roughly 30 percent — with light improvements. Not gut renovations or repositioning the asset, just new …

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Affordable HousingDevelopmentMultifamilyTexas

April Housing Reopens Three Affordable Housing Communities in East Austin Following $60M Rehabilitation

by Taylor Williams

AUSTIN, TEXAS — April Housing, Blackstone Real Estate’s affordable housing division, has reopened three affordable housing communities totaling 654 units in East Austin. Working in partnership with the Housing Authority of the City of Austin (HACA), April Housing completed roughly $60 million of renovations across the following properties: Heritage Point, a 240-unit senior living community for residents earning between 30 and 80 percent of the area median income (AMI); Eagle’s Landing, a 240-unit multifamily property for those earning 60 percent or less of AMI; and Village at Collinswood, a 174-unit senior living community for residents earning 60 percent or less of AMI. All three communities now offer updated units interiors, including bathrooms, kitchens, fixtures and appliances, as well as upgraded building systems and amenity spaces.

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Victoria-Row-Dallas
DevelopmentMultifamilyTexas

Larkspur Capital Begins Leasing 155-Unit Townhome Project in Dallas’ Cedars District

by Taylor Williams

DALLAS — Locally based developer Larkspur Capital has begun leasing Victoria Row, a 155-unit townhome project in the Cedars District near downtown Dallas. Situated on approximately eight acres at 1100 Parker St., Victoria Row features 29 buildings that were developed in phases and which are now in lease-up. Units come in one-, two- and three-bedroom floor plans, and amenities include a pool, dog park and multiple courtyards. Architecture Demarest designed Victoria Row, and Acadian Group served as the general contractor. Information on starting rents was not disclosed.

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Signature-35-Fort-Worth
DevelopmentIndustrialLoansTexas

JLL Arranges Construction Financing for 111,923 SF Industrial Project in North Fort Worth

by Taylor Williams

FORT WORTH, TEXAS — JLL has arranged an undisclosed amount of construction financing for Signature 35, a 111,923-square-foot industrial project that will be located in the Alliance submarket of North Fort Worth. The facility will feature 32-foot clear heights, 36 dock doors, 122-foot truck court depths, two oversized ramped doors and 5.2 acres of outdoor storage space. Completion is slated for the first quarter of 2027. Jarrod McCabe, Brennan Fewin and Ben Pollack of JLL arranged the financing through Simmons Bank on behalf of the developer, a partnership between Indco Partners and Holley Development Co. JLL also arranged an equity investment from an undisclosed family office as part of the project’s capitalization.

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IndustrialLeasing ActivityLife SciencesOfficeTexas

Telecommunications Firm Signs 42,000 SF Lease at Flex Building in Richardson, Texas

by Taylor Williams

RICHARDSON, TEXAS — ANDREW, a hardware manufacturer for the telecommunications industry, has signed a 42,000-square-foot lease in the northeastern Dallas suburb of Richardson. The company is relocating from the nearby building at 2601 Telecom Parkway to the flex building at 2920 Telecom Parkway. In addition to office, the company’s new space supports lab, manufacturing and engineering uses. As part of the relocation, ANDREW plans to invest more than $2 million to support tenant improvements and the addition of new furniture, fixtures and equipment at its new Richardson facility.

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Moran-Hotel-CITYCENTRE-Houston
AcquisitionsHospitalityTexas

MetroNational Buys 244-Room Moran Hotel at CITYCENTRE in West Houston

by Taylor Williams

HOUSTON — Local owner-operator MetroNational has purchased the 244-room Moran Hotel within the 47-acre CITYCENTRE mixed-use development in West Houston. The hotel, which recently underwent a renovation, offers accommodations for extended stays, as well as a pool, fitness center, 15,750 square feet of meeting and event space and multiple onsite food-and-beverage establishments. Colby Mueck, Ryan West, Greyson Fewin and Robby Westerfield of JLL represented the seller, Midway, in the transaction. The sales price was not disclosed.

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