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  • Zion buys five Austin-area multifamily properties
    on August 16, 2022 at 2:00 pm

    ​​​AUSTIN – Locally based Zion Capital Group LLC has purchased five multifamily properties totaling 325 units.​MCP Mueller Place LLC sold Mueller Place Apartments to Zion. The portfolio is composed of the 86-unit Mueller Place I at 5800 Wellington Dr. and 24-unit Mueller Place II at 6301 Berkman Dr.Zion also purchased the Villas at Mueller, a 124-unit community at 6103 Manor Rd. The seller was 6103 Manor Rd. LLC.The final purchase was the Hyde Park Portfolio, which is comprised of Spanish Trails Apartments and Miller Square Apartments. The 40-unit Spanish Trails at 4520 Bennett Ave. was sold by Armadillo Spanish Trails Realty LLC. CSC Miller Square Realty was the seller of the 50-unit Miller Square at 918 E. 40 St. Northmarq Capital LLC facilitated $43.8 million in acquisition loans. The Texas Real Estate Research Center has more news like this online for free:Texas Quarterly Apartment ReportAustin multifamily news​​Source: Austin Business Journal

  • 354-unit community coming to Conroe
    on August 15, 2022 at 8:00 pm

    ​​​​​​CONROE – Wood Partners has broken ground on Alta Sergeant, a 354-unit apartment community along I-45. Alta Sergeant will offer one-, two-, and three-bedroom units.Amenities will include a pool, dog park, clubhouse, fitness center, business center, outdoor kitchen, and conference and entertaining spaces. Residents will also have access to surface parking and on-site car ports.Preleasing will begin early next year with opening set for May 2023.The Texas Real Estate Research Center​​​​ has more information like this online for free:​​​​Texas Quarterly Apartment Report​​Houston multifamily news online​Source: Connect CRE​

  • Partnership acquires San Paloma
    on August 15, 2022 at 5:00 pm

    ​​​​HOUSTON – RPM Living Investments and DRA Advisors have acquired San Paloma at 1255 Eldridge Pkwy.The 372-unit apartment community has one- and two-bedroom units averaging 1,050 sf. Amenities include a fitness center, heated spa, dog park, pool, business center, playground, and outdoor lounge spaces. A partnership between Blackstone and LivCor sold the property. Amerant Bank provided acquisition financing.The Texas Real Estate Research Center​​​​ has more information like this online for free:​​​​Texas Quarterly Apartment Report​​Houston multifamily news online​Source: REB​usiness Online​ 

  • Avondale adds 21-acre commercial site to portfolio
    on August 15, 2022 at 4:00 pm

    ​​​FORT WORTH – Avondale Development has purchased a 21-acre development site along Bonds Ranch Rd.Avondale owns a 175-acre site behind the development that will become a ​​​retail center.Avod Holdings LLC was the seller. Henry S. Miller brokered the deal.​​​​Get more Houston-area news on the Texas Real Estate Research Center's website:Texas Quarterly Commercial Report​Houston-The Woodlands-Sugar Land retail news​​Source: REBusiness Online​

  • 399-unit Sendaro at Trace on the way
    on August 15, 2022 at 4:00 pm

    ​​​​SAN MARCOS – Highpointe Communities has started on Sendero at Trace, a 399-unit multifamily complex.The $73 million project will have one-, two-, and three-bedroom options ranging from 775 to 1,300 sf.Amenities will include a pool, fitness center, clubhouse, and outdoor gathering space.Units will be available by the end of 2023.​The Texas Real Estate Research Center has more news like this online for free:Texas Quarterly Apartment ReportAustin multifamily news​​Source: REBusiness Online​