Dallas/Fort Worth

Back in June 2018, in another Texas multifamily purchase, the Praedium Group acquired the 260-unit Discovery at Mandolin Apartments in Houston, TX.

The rapid growth in the metro has resulted in new retail, restaurants and entertainment options opening to serve the influx of new residents, fueling investor demand and opportunities in Fort Worth.

In this <b>EXCLUSIVE</b>, Steve Van of Prism Hotels &amp; Resorts says the earlier a hotel project is in the development cycle from land acquisition to stabilized hotel sale, the greater the risk it will be impacted by a recession.

American Landmark has acquired Emery Bay at Lakepointe, a 360-unit garden-style asset located in Lewisville, approximately 30 minutes north of Dallas, and the loan amount was $36.59 million.

Although downtown is somewhat of a late bloomer, Chatham sees the potential and acquired the 167-room Courtyard by Marriott for $49 million or approximately $293,000 per room earlier this month.

The New York City-based firm that specializes in corporate sale-leasebacks, built to suits and purchases of single-tenant net lease properties, reports today that it has made approximately $119 million in new acquisitions/investments.

The latest properties will comprise the site of the DFW Park 161 master-planned project, encompassing four global e-commerce hubs known as Logistic Centers 8, 9, 10 and 11 with more than 2.4 million square feet.

The two firms sold the Solis Waverly, a 375-unit luxury multifamily property to Dallas-based Lan Properties/Lantower Residential for $84.4 million. They also traded the 194-unit Solis Ballantyne for $44.2 million to Continental Realty Corporation of Baltimore.