Texas

Paul Ryan: Positive Reforms Will Come to Seniors Housing, but Slowly

by David Cohen February 21, 2019

SAN DIEGO — Politics may slow down progress, but positive changes are on their way to the seniors housing industry and U.S. healthcare system, according to former Speaker of the House of Representatives Paul Ryan. Ryan’s comments during the opening general session Feb. 21 at the National Investment Center for Seniors Housing & Care (NIC) 2019 Spring Conference. The event drew nearly 1,700 seniors housing professionals to the Hilton San Diego Bayfront. Ryan, a Wisconsin Republican, gave a speech before sitting down for a discussion with moderator John Kelliher, managing director of Berkeley Resource Group. Ryan identified Kelliher as a long-time friend with a deep background in legislation, law and the military. The event was Ryan’s first speech since retiring from his political office six weeks prior. “We’ve got a lot of work to do because we are not ready for the baby boomer generation,” Ryan said regarding seniors housing. Ryan identified the top political challenges facing the seniors housing industry as healthcare reform, immigration reform and entitlements such as Medicare, Medicaid and Social Security. Facing the labor shortage Ryan said low unemployment is good for the economy as a whole, but creates struggles for business owners who simply can’t …

February 21, 2019

Finance Insight Loans Midwest Multifamily Northeast Southeast Texas Western

Hunt: Evolution is the Solution to Today’s Lending Success

by Jaime Lackey February 21, 2019

Chad Thomas Hagwood, senior managing director and Southeast regional manager at Hunt Real Estate Capital, believes times are changing. Hagwood asserts a change in perception is what originally made multifamily such a popular investment years ago. He believes another change is necessary to address our nation’s housing and affordability crises. Hagwood sees manufactured housing as being a partial solution to these challenges. Like the broader multifamily market, this specialty product has suffered from an image problem in the past. While lenders have been willing, borrowers haven’t always been sold on the product. Hagwood is confident that the industry will come around, however, as increased competition leads to creativity — and an opportunity may be staring investors right in the face. Watch the video to hear more about Hagwood’s predictions for 2019.

February 21, 2019

Development Multifamily Texas

JPI to Develop 282-Unit Apartment Community in Irving’s Las Colinas District

by Taylor Williams February 20, 2019

IRVING, TEXAS — JPI has begun construction of Jefferson Texas Plaza, a 282-unit multifamily community that will be located within Irving’s Las Colinas district. The property will feature a resort-style pool, private parking garages, fitness and yoga studio, a dog park and a two-story clubhouse with a coffee bar. The community will also offer proximity to a variety of restaurant and entertainment options, including Alamo Drafthouse Cinema and Toyota Music Factory. Construction is scheduled to begin during the first quarter and to be complete by the fourth quarter of 2020. Jefferson Texas Plaza will be JPI’s 10th community in Irving, where the company is based.

February 20, 2019

Development Industrial Texas

Colony Industrial, Huntington Acquire Land in Metro Dallas for 355,071 SF Industrial Project

by Taylor Williams February 20, 2019

GARLAND, TEXAS — Colony Industrial, in partnership with Huntington Industrial Partners, has acquired 21 acres in the northeastern Dallas suburb of Garland for the development of a two-building, 355,071-square-foot light industrial project. The buildings will feature 32-foot clear heights, cross-dock configurations and ample on-site trailer storage. Construction is scheduled to begin in late April and wrap up by the end of the year.

February 20, 2019

Development Multifamily Seniors Housing Texas

MedCore, TNRG Break Ground on 200,000 SF Seniors Housing Community in Metro Houston

by Taylor Williams February 20, 2019

ATASCOCITA, TEXAS — A partnership between Dallas-based MedCore Partners and Houston-based TNRG has broken ground on Fountainwood at Lake Houston, a 200,000-square-foot seniors housing community in Atascocita, a northeastern suburb of Houston. The property will offer 98 independent living units, 68 assisted living residences and 24 memory care apartments. California-based Integral Senior Living will manage the community. The opening is slated for August 2020.

February 20, 2019

100-Park-at-Century-Square-College-Station

Loans Multifamily Texas

HFF Arranges $27.5M Loan for Refinancing of College Station Apartments

by Taylor Williams February 20, 2019

COLLEGE STATION, TEXAS — HFF has arranged a $27.5 million loan for the refinancing of 100 Park at Century Square, a 249-unit multifamily community in College Station. The property is located near Texas A&M University within the 60-acre Century Square mixed-use development. Floor plans consist of studio, one- and two-bedroom units and amenities include a pool, fitness center and an outdoor lounge. Colby Mueck, Timothy Joyce, Stephen Skok and Stuart Hepler of HFF arranged the loan on behalf of the borrower, a joint venture between Houston-based Midway Cos. and Chicago-based Harrison Street, through an affiliate of Granite Point Mortgage Trust Inc.

February 20, 2019

Acquisitions Retail Texas

STRIVE Negotiates Sale of 69,651 SF Retail Center in Metro Fort Worth

by Taylor Williams February 20, 2019

FOREST HILLS, TEXAS — Dallas-based retail brokerage firm STRIVE has negotiated the sale of Forest Hills Village, a 69,651-square-foot retail center located on the southern outskirts of Fort Worth. Anchored by a Foodland Markets grocery store, the property was 100 percent occupied at the time of sale. Jennifer Pierson of STRIVE represented the seller, a California-based investor, in the deal. A Dallas-area investor acquired the asset for an undisclosed price.

February 20, 2019

Finance Insight Loans Midwest Multifamily Northeast Seniors Housing Southeast Texas Video Western

M&T Realty: Seniors Housing will be a Bright Spot for Lending for Years to Come

by Jaime Lackey February 19, 2019

Seniors housing seemed to rule the roost among attendees at MBA’s CREF 2019. Mark Gould, national production manager at M&T Realty Capital Corporation, thinks he knows why. The obvious answer would be the aging Boomer population, which will continue to require additional services for some time. However, Gould believes it’s more than demographics. He asserts that a tangible evolution has taken place among seniors housing operators that has made these dwellings more attractive to the elderly and their children. As demand shifts, opportunity abounds. Gould believes construction and permanent financing will remain active as these operators continue to perfect their communities. Watch the video for more insights on seniors housing finance from Gould.

February 19, 2019

Acquisitions Office Texas

SkyWalker Property Partners Purchases 227,891 SF Office Building in Dallas

by Taylor Williams February 19, 2019

DALLAS — Local investment firm SkyWalker Property Partners has purchased a 227,891-square-foot office building located at 8151 LBJ Freeway in Dallas. The property was built in 1981 on 3.4 acres. Gary Walker and Clint Holland of SkyWalker represented the buyer of record, which plans to invest $500,000 in capital improvements to the eight-story, Class B building. HFF represented the seller, Credit Union of Texas, which formerly housed its headquarters in the building and has leased back 110,876 square feet of space.

February 19, 2019

Acquisitions Industrial Texas

NAI Investment Fund II Acquires Two Commercial Assets Totaling 215,835 SF in Houston Area

by Taylor Williams February 19, 2019

HOUSTON AND WEBSTER, TEXAS — NAI Partners’ Investment Fund II has acquired two commercial assets totaling 215,835 square feet in the Houston area, bringing the fund to full deployment. Leghorn Service Center is a 66,530-square-foot industrial building in northwest Houston, and Clear Lake Business Center is a 149,305-square-foot flex property in the southeastern suburb of Webster. Andrew Pappas, Adam Hawkins, and John Nolan of NAI Partners’ negotiated and closed the deals. The seller was Berkeley Properties.

February 19, 2019

Newer Posts

Older Posts