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MetroGroup Realty Finance recently provided financing to private investors for three separate 1031-exchange transactions involving the acquisition of four single-tenant triple-net lease assets in Illinois and Texas.
Despite global headwinds and continued turmoil in the energy sector, Houston’s economy remains in growth mode with approximately 83,000 jobs created year-over-year, and 48,000 added in second quarter alone.
Houston has a deep class-B and -C multifamily market, allowing Excelsa to build a portfolio of more than 1,500 units in the next several years, which it aspires to do as it creates economies of scale in many US markets.
The lower cost of living in Texas compared to other major markets, along with increased employment opportunities, creates a magnet for Millennials looking to grow careers and balance work with quality of life.
US Green Building Council has recognized Bank of America Tower, Skanska's downtown office development, as the first LEED v4 Platinum Core and Shell certified project in the United States.
Implementing Bractlet's technology at the portfolio-level allows Lionstone to make informed decisions that benefit its investors, conserve energy, and improve tenant comfort and productivity.
San Antonio's affordability makes it a popular destination for new residents along with a hot secondary investment market while Houston's economy continues to strengthen as employers accelerate hiring.
The fund has awarded the Texas State Affordable Housing Corporation and Enterprise Community Partners a $1.1 million follow-up grant to support the HEART Program on top of $1.4 million initially awarded.
Waller Industrial Park benefits from proximity to US Highway 290 and fast-growing northwest quadrant of Houston, and NRG Manufacturing chose the park for a manufacturing, testing and regional office.
The project was financed primarily through a tax-exempt bond issuance with Collegiate Housing Foundation, a nonprofit 501(c)(3) organization, serving as the borrower and owner of the project.