AUSTIN, TEXAS — Pennsylvania-based private equity firm PPR Capital Management has completed The Residences at Rubi, a 101-unit mixed-income housing project in East Austin. The development is valued at $21.7 million. The unit mix will be split evenly between market-rate and affordable units, with the latter component carrying income restrictions between 30 to 70 percent of the area median income. IE2 Construction served as the general contractor for the project, and Avita Property Management is handling lease-up and property management duties.
HEWITT, TEXAS — Matthews Real Estate Investment Services has brokered the sale of Walker Place at Moonlight Park, a 98-unit single-family rental complex in Hewitt, located south of Waco. The property was completed in 2023, and homes feature three- and four-bedroom floor plans with an average size of 2,036 square feet, as well as attached two-car garages and private backyards. Richard Waterhouse and Andrew Kopenec of Matthews represented the seller, a Texas-based developer, in the transaction. The buyer was a Boston-based real estate private equity firm. Both parties requested anonymity.
OKLAHOMA CITY — Realterm, a Maryland-based investment manager focused on the transportation industry, has purchased a 94,089-square-foot warehouse that is adjacent to Will Rogers International Airport in Oklahoma City. Built on 9.3 acres in 2018 via a ground lease with the Oklahoma City Airport Trust and leased to a multinational logistics user, the warehouse features two dock-high doors, 14 drive-in doors, 25 truck parking spaces and 15 trailer parking spaces. The seller and sales price were not disclosed.
HOUSTON — Locally based brokerage firm Finial Group has arranged the sale of a 31,113-square-foot shopping center located at 10750 Barker Cypress Road in northwest Houston. Known as Lakes of Riata Retail Center, the property is home to tenants such as Domino’s Pizza, Shipley Donuts, Anytime Fitness and The Cupcake Cowgirls. The buyer and seller were not disclosed.
DALLAS — Fort Worth-based owner-operator Crescent Real Estate has completed 2811 Maple in Uptown Dallas. The 31-story apartment tower houses 177 units in one-, two- and three-bedroom floor plans that range in size from 950 to 1,900 square feet, as well as 12 penthouses with an average size of 2,300 square feet. Residences are furnished with Bosch appliance packages, designer Italian cabinetry and quartz countertops. Amenities include a pool, fitness center, private library with a coffee bar, outdoor dining areas, study spaces and a dog park. Rents start at $4,000 per month for a one-bedroom apartment.
SAN ANTONIO — Westmount Realty Capital has sold Westmount at Houston Street, a 200-unit townhome complex located at 4611 E. Houston St. in San Antonio’s East submarket. Developed on 18 acres in 2003 and acquired by Westmount in 2019, the 37-building property offers two-, three- and four-bedroom units with garages. Amenities include a pool, playground, dog park and a clubhouse with a business and fitness center. The buyer and sales price were not disclosed. The property was 91.5 percent occupied at the time of sale.
PLANO, TEXAS — Locally based hospitality owner-operator NewcrestImage has purchased the 176-roomNYLO Dallas Plano hotel, which is part of the Tapestry Collection by Hilton family of brands. The five-story hotel is located within the 2,600-acre Legacy District business park and features a 4,000 square-foot patio surrounding a heated outdoor pool. NewcrestImage plans to implement a value-add program. The seller and sales price were not disclosed.
FRISCO, TEXAS — CAP Multifamily has completed an 18-unit project in Frisco’s historic Rail District. Known as Beacon Rail District, the property offers one- and two-bedroom units, the former of which have an average size of about 745 square feet. Amenities include a coworking space, fitness center and a hotel-style lounge. Rents start at $1,980 per month for a one-bedroom apartment.
MANVEL, TEXAS — Northmarq has brokered the sale of Sedona Lakes Plaza, a 14,803-square-foot retail strip center in Manvel, located south of Houston. The center was fully leased at the time of sale to tenants such as HOTWORX, Smart Core Labs and Behavioral Innovations. Riley Sharman led the Northmarq team that represented the seller, a Houston-based developer, in the transaction. The buyer was Dallas-based Metro Real Estate LLC.
DALLAS — HFI Capital Management has acquired 1333 Oak Lawn, a roughly 126,000-square-foot office building located in the Dallas Design District. The sales price was not disclosed. The 10-story building was completed in 2024. A partnership between FCP and Quadrant Investment Properties announced the project in early 2022, and the latter entity was named as part of the new ownership group alongside HFI. As part of the acquisition, the property will be rebranded as “The Capital Design District” and “The Capital” for short. In addition to five floors of office space, the building features 8,000 square feet of amenity space on the ninth floor. The property also features a tenant lounge dubbed “Capital Spot,” an executive conference room, fitness center, locker rooms and a rooftop pickleball court. Mexican restaurant concept Maroma will open this fall on the ground floor of the building. Located along Oak Lawn, the building is positioned directly across from The Seam, a retail redevelopment that is currently underway. Upon completion, which is scheduled for summer 2026, The Seam will feature restaurants and shops. The property is also within walking distance of restaurants and attractions including Carbone, El Carlos Elegante, the Charles, the Virgin Hotel, Hilton Anatole, …