SAN ANTONIO — The Turner Multifamily Impact Fund, a real estate investment fund managed by Turner Impact Capital, has acquired San Mateo and The Grove, both in San Antonio, for an undisclosed price. Situated on 10.9 acres in northeast San Antonio, San Mateo features 252 units in nine three-story buildings. On-site amenities include a pool, basketball court and student/business center. Located on 11 acres, The Grove features 276 units in 30 two- and three-story residential buildings. Community amenities include two swimming pools, a clubhouse with business lounge and fitness center, landscaped grounds and on-site laundry facilities.
PRINCETON, TEXAS — Pioneer Realty Capital has closed a $7.2 million loan to refinance Villa Asuncion Assisted Living Facility, located at 830 Princeton Drive in Princeton. The firm used the 504 Debt Refinance Program, which the Obama Administration reinstated in December 2015, to refinance the property for the undisclosed borrower. The program is intended to help small business owners obtain access to capital and create liquidity.
AUSTIN, TEXAS — Equitable Commercial Realty (ECR) has arranged three office leases totaling 11,483 square feet in Austin. In the first lease, Revolution Insurance Technologies Inc. leased 6,277 square feet of office space at Crystal Mountain located at 9433 Bee Caves Road. Haley Smith and Patrick Ley of ECR represented the undisclosed landlord in the deal. In the second lease, fd2s leased 2,516 square feet of space at Chavez Village located at 1634 E. Cesar Chavez St. Ley and Lee Ellison of ECR represented the undisclosed landlord, while Chrissy Fuller and Ted Rohan of Avison Young represented the tenant. In the third lease, The Goodman Corp. leased 2,700 square feet of space at Lamar Gateway at 911 W. Anderson Lane. Matt Fain and Haley Berry of ECR represented the undisclosed landlord in the transaction.
FORT WORTH, TEXAS — Pilot Properties has acquired Barclay House, a multifamily property located at 2100 Forest Park Blvd. in the Berkeley Place neighborhood of Fort Worth, from an out-of-state investor for an undisclosed sum. Built in 1926, the property features 17 units in two buildings, a courtyard, covered parking and on-site laundry facilities. Boyan Radic, Doug Banerjee, Andrew Mueller, Ryan Hill and Andrew Hanson of Greysteel represented the seller and procured the buyer. Additionally, Greysteel arranged a three-year loan through a local bank for the acquisition. The loan features two years of interest-only payments, a two-year extension option and a 25-year amortization schedule. Anton Mattli and John Marshall Doss of Greysteel arranged the financing for the buyer.
IRVING, TEXAS — Rubicon Representation has arranged the acquisition of an office building located at 1125 Executive Circle in Irving’s Las Colinas district. The Patel Law Group acquired the property from 1125 Executive LLC for an undisclosed price. The buyer plans to relocate its law firm to the new office building from Colonial Plaza in Irving. Kyle Jacobs and Daniel Miller of Rubicon represented the buyer, while Bruce Hecht and Ben Goldthorpe of Swearingen Realty Group represented the seller, American College of Emergency Physicians, in the deal.
HOUSTON — Colliers International has arranged the sale of a two-story office building located at 8901 Gaylord Drive in Houston. DNA Interest sold the 25,000-square-foot property, which was developed in 2008, to 8901 Gaylord LLC for an undisclosed price. David Carter and John Parsley of Colliers International represented the seller, while Guy Brown of Poynter Commercial Properties represented the buyer in the deal.
THE WOODLANDS, TEXAS — The Vitorino Group has brokered the sale of Little Sunshine’s Playhouse and Preschool in The Woodlands. The newly developed property was marketed with a 15-year absolute net-lease that includes rent escalations every five years and a corporate guarantee. A local Texas investor acquired the 8,795-square-foot property for undisclosed price. The name of the seller was not released.
HOUSTON — Boyd Commercial/CORFAC International has arranged the sale of an industrial property located at 3604 B. Fairmont Parkway in Houston. Alvaro R. Elizondo acquired the 5,000-square-foot property from First Citizens Bank & Trust for an undisclosed price. Andrew Sowell of Boyd Commercial represented the seller in the deal.
AUSTIN, TEXAS — Westmount Realty Capital has completed the disposition of a 13-building office portfolio located on Kramer Lane and Metric Avenue within the Braker Center in Austin. The property sold for an undisclosed sum. Originally constructed as light industrial buildings, the 546,984-square-foot complex has evolved into more than 90 percent office finish-out space. Allergan Inc., Cenpatico, Integra Life Sciences and Renewal by Anderson are current tenants at the property. Eastdil Secured represented Westmount Realty Capital in the transaction. The name of the buyer was not released.
ARLINGTON, TEXAS — Greysteel has brokered the sale of Treehouse Apartments, a multifamily property located in Arlington. RMC Consultants sold the property to a private investor for an undisclosed price. Built in 1972, the property comprises five buildings totaling 16 units. Boyan Radic, Doug Banerjee, Andrew Mueller, Ryan Hill and Andrew Hanson of Greysteel represented the buyer and seller in the deal.