Commercial real estate news and analysis for the Texas market.
Virginia-based Middleburg Investments has recruited a former JPI development partner to lead its multifamily expansion into the Texas market. The strategic hire signals continued confidence in the Lone Star State's rental housing demand despite broader market headwinds.
Eastham Capital has divested a 194-unit apartment community in southeast Houston, capping off a five-year value-add investment strategy. The property changed hands at 97 percent occupancy following substantial capital improvements made in partnership with Mosaic Residential.
Daiwa House Group has bought out its development partner Trammell Crow Company, taking full ownership of the 309-unit Parkside Residences in Houston in a deal valued at $85.2 million. The transaction marks the successful conclusion of a joint venture that originally formed in 2019 to bring the multifamily asset to life.
As traditional financing sources pull back from affordable housing projects, Safehold is positioning its modernized ground lease structure to fill capital stack gaps in Texas and other high-growth markets. The approach allows developers to unlock land value while maintaining long-term operational control of their properties.
A joint venture between AVAD Capital and Etude Capital has acquired a 578-unit self-storage facility in Odessa, Texas, expanding their footprint in the energy-rich Permian Basin. The transaction was brokered by Versal, highlighting continued investor appetite for storage assets in strategic secondary markets.
A newly constructed self-storage facility featuring boat and RV parking has traded hands in Crowley, marking another instance of cross-border investment in the thriving DFW metroplex. Marcus & Millichap facilitated the off-market transaction between an anonymous seller and a Canadian buyer.