HOUSTON-The investor bought the mortgage for the 338-unit Stonehaven at Galleria at a 50% discount, with $11 million remaining on the note.

BATON ROUGE, LA-Deutsche Bank Berkshire Mortgage refinances the 352-unit Evergreen at Coursey Place.

SAN ANTONIO-The Dallas buyer strikes again in the Alamo City, snagging Vantage at Prue Road and boosting its portfolio to 1,100 units.

PHOENIX-Colliers International’s mid-year report notes fundamentals mean limited spec development, though experts tell Globest.com to watch for multifamily developments.

PHOENIX-The California company hires Sharon Whitney to form and manage commercial property owners’ associations (and properties) in Sun Valley.

DALLAS-Special servicers eager to sell class B assets initiate month-end call for offers. On the block: 343-unit Serendipity (Dallas) and the 343-unit Grove Park Apartments and 216-unit Timberock in San Antonio.

Jackson, MS-The local REIT sells the 298,000-square-foot Tower at 1301 Gervais for $19.5 million, call it a non-core asset.

DALLAS-Increased MF investment in the Lone Star State drives Centerline’s hire of lending veteran Charlie Cole.