DALLAS — Dallas-based Terrydale Capital has arranged a $12.6 million acquisition loan for a portfolio of three multifamily properties totaling 108 units that are located in Old East Dallas. Culby Culbertson of Terrydale Capital arranged the three-year loan, which carried a 4.5 percent fixed interest and an 80 percent loan-to-value ratio. The names of the properties and the borrower were not disclosed.
ENNIS, TEXAS — CareTrust REIT Inc. (NASDAQ: CTRE) has acquired Ennis Care Center, a 155-bed skilled nursing facility located in the southern Dallas suburb of Ennis. The seller and sales price were not disclosed. The facility will be added to CareTrust’s existing master lease with affiliates of Eduro Healthcare, which took over operations on Feb. 1.
FORNEY, TEXAS — Locally based investment and development firm Dalfen Industrial has acquired a two-building, 408,308-square-foot industrial park in the eastern Dallas suburb of Forney in a sale-leaseback transaction. The seller/tenant was not disclosed. The site also includes 4.8 acres of undeveloped land that could be used for an outdoor storage yard or a 200,000-square- foot expansion of the western building. Matt Dornak of Stream Realty Partners sourced the off-market deal for Dalfen Industrial.
GRAND PRAIRIE, TEXAS — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has negotiated the sale of Arioso, a 288-unit apartment community located in the central metroplex city of Grand Prairie. Built on 13.5 acres in 2007, the property features one-, two- and three-bedroom units with an average size of 976 square feet. Amenities include two pools, a clubhouse, fitness center, business center and an outdoor kitchen with fire pits. Drew Kile, Joey Tumminello, Michael Ware, Taylor Hill, Asher Hall and Will Balthrope of IPA represented the seller, a partnership between Michigan-based Hayman Co. and New York City-based Dome Equities, in the transaction. The team also procured the buyer, IMH Cos.
ARLINGTON, TEXAS — Austin-based developer OHT Partners has broken ground on Lenox Cooper, a 270-unit multifamily project in Arlington. Lenox Cooper will offer studio, one- and two-bedroom units and amenities such as a pool, outdoor grilling and dining areas, a 24-hour fitness center, shared work studio and a dog run with a washing station. OHT’s in-house team will serve as the general contractor for the project, which is slated to open by the end of the year. Other project partners include Architecture Demarest (architect of record), KFM Engineering (civil engineer), MEP Delta Design (mechanical engineer), United Structural Consultants (structural engineer) Ink +Oro (interior design) and Blu Fish Collaborative (landscape design).
BEDFORD, TEXAS — Locally based developer Committed Industrial has acquired land in Bedford, a northeastern suburb of Fort Worth, for the development of a 181,250-square-foot distribution center. Bill Bledsoe of Henry S. Miller Brokerage arranged the sale of the 15.4-acre site. Bledsoe represented the undisclosed sellers of the two separate parcels that comprise the assemblage. Construction is slated to begin in the second quarter.
KILLEEN, TEXAS — The Multifamily Group (TMG), a Dallas-based brokerage firm, has arranged the sale of Country Place Apartments, a 137-unit complex located in the Central Texas city of Killeen. Built in 1996, the property offers four different types of two-bedroom units and amenities such as a pool, playground, basketball court, fitness center and a dog park. Jon Krebbs of TMG represented the seller and procured the buyer, both of which requested anonymity, in the transaction.
HOUSTON — High Street Residential has topped out Parkside Residences at Discovery Green, a 43-story apartment tower located at 808 Crawford St. in downtown Houston. The location puts the 309-unit building adjacent to the 12-acre Discovery Park. Units will come in studio, one-, two- and three-bedroom floor plans and will be furnished with quartz countertops and custom cabinetry. Amenities will include a rooftop pool and lounge, fitness center, coworking spaces, a catering kitchen and two guest suites. Ziegler Cooper designed the project, and Andres Construction is serving as the general contractor. Construction began in summer 2020. Preleasing will begin this spring, and the first move-ins are scheduled to start over the summer.
MELISSA, TEXAS — Construction services firm Harrison, Walker & Harper LLC (HWH) and architecture and engineering firm Parkhill have completed a 134,200-square-foot athletic facility for the Melissa Independent School in Collin County. The center houses an indoor practice facility that can accommodate multiple practices simultaneously. Other features include locker rooms, a weight room, treatment area, training rooms, theater classrooms for lectures and film review, an indoor turf field and an eight-lane competition track and football/soccer field. The project carried a price tag of $21.3 million.
PLANO, TEXAS — Canadian investment firm Western Wealth Capital has acquired Bel Air K Station Apartment Homes, a 245-unit community in Plano that was built in 2001. According to Apartments.com, the pet-friendly property features studio, one- and two-bedroom units that range in size from 466 to 1,230 square feet and amenities such as a pool, fitness center, picnic area and a resident clubhouse. The seller and sales price were not disclosed.