Broe Real Estate Group (BREG) acquired Maple Terrace Residences in Uptown Dallas. The 22-story, 345-unit Class AA luxury apartment building opened in August 2024. Hines was the seller.
Maple Terrace Residences is part of the new mixed-use project. The project features the new 22-story luxury residential tower, 157,000 square feet of Class-A office space, and 15,000 square feet of street-facing restaurant space.
The apartment complex features room sizes between 601 and 2,879 square feet. Amenities include a pool terrace with skyline views, a relaxation lounge, a fitness center with a sunset terrace and two infrared saunas; a clubroom with a kitchen; a media lounge and a game-day room; a golf simulator; co-working areas; and a creative studio.
The 22nd-floor conservatory boasts a wrap-around rooftop terrace with dining and event spaces. Additionally, residents and office users enjoy exclusive access to Alfred’s, a private craft cocktail bar .
JLL’s Capital Markets Investment Sales and Advisory Team represented the seller in the transaction.
Turner Impact Capital acquired a 378-unit multifamily community in Houston and will preserve affordability for low- and moderate-income residents through a tax exemption agreement with the Houston Housing Authority. Under a regulatory agreement with the Houston Housing Authority, the Fund will maintain existing rent restrictions on half of the apartments, reserving at least 152 units...
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The D.C. Council approved up to $275 million in bond financing for a California developer to convert a Penn Quarter office building into a 415-unit apartment building with a Sprouts location on the ground floor. The bonds will go to the nonprofit Madrone Community Development Foundation to help with the acquisition, demolition, renovation or the...
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Allied Properties REIT began searching for a successor to chief executive Cecilia Williams on Wednesday as the Toronto-based office landlord races to sell properties ahead of $700 million in bond maturities next April. Two weeks earlier, Allied announced a 90% cut to its monthly distribution, freeing up about $126 million a year for debt repayment....
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