Castle Hills Expansion is Underway with Phase II

The Realm at Castle Hills is a 260-unit class-A apartment community with restaurant/retail (credit: 505Design).

DALLAS—Construction is underway on phase II of the Realm at Castle Hills, a 260-unit five-story class-A apartment community with ground-floor restaurant and retail space in the Upper Tollway submarket. The Realm at Castle Hills continues Bright Realty’s expansion of Castle Hills, a 2,800-acre master-planned community established by Bright Realty LLC in 1997.

Canyon Partners Real Estate LLC provided $14.7 million of preferred equity to Bright Realty to finance the project. This marks Canyon’s second investment with Bright Realty in the Castle Hills community, having provided $16.7 million of preferred equity last year to finance Offices at The Realm, a 250,000-square-foot office tower immediately adjacent to the multifamily community.