The firm now has luxury apartment property The District at Scottsdale under its management portfolio.

Axis Raintree is a 175,000-square-foot class-A speculative office development in Scottsdale.

With healthy demand and new supply expected to hold steady, the expectation is that DFW rent growth in 2020 should hold in line with 2019's performance and is expected to be greater than Fort Worth's.

The loan facility has a maturation date of November 2026 and an accordion feature to increase the availability of funds to $500 million, subject to closing conditions.