Legacy Partners and The Resmark Companies started leasing for two single-family build-to-rent communities in two northern Dallas suburbs: Harlow, comprising 133 homes in the Collin County city of Melissa, and Adair, featuring 134 homes in the Denton County city of Aubrey.
Legacy’s Matt Brendel added, “While we historically have developed multifamily properties, we made the decision to pivot to single-family homes after analyzing the surrounding communities and recognizing the need to accommodate families who desire this lifestyle.”
Designed by UD Architects, Harlow offers 1-3 bedroom homes ranging in size from 780 to 1,500 square feet.
Designed by Architecture Demarest, Adair is at 2036 Oak Grove Lane in Aubrey and offers 134 luxury one-, two-, and three-bedroom homes ranging in size from 770 to 1,690 square feet.
Adair and Harlow both have private fenced-in yards and attached garages. Monthly rental rates for one-bedroom homes start in the mid-$1,600s. Both projects feature a full range of amenities.
Blackland Partners constructed both developments.
Boardwalk REIT is selling three Edmonton apartment communities for $106.5M, pushing its property dispositions this year to nearly $629M as the landlord increasingly finds value in selling older buildings rather than developing new ones. The transaction involves Northridge Estates, Parkview Estates and Riverview Plaza, which contain a combined 536 suites. Boardwalk disclosed the sale in...
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Marcus & Millichap completed the sale of Broadcast Apartments, a partially complete multifamily development project in D.C.’s Tenleytown neighborhood. The asset sold for $9.5 million. “This was a very complex, multidimensional transaction involving a receiver, a ground lease, a partially completed building and a host of other issues,” said Marty Zupancic, senior managing director of...
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Vancouver-based Trez Capital is teaming with Starwood Capital to expand its U.S. residential land lending business, with the partnership expected to launch with a US$450M loan portfolio and originate more than US$1B annually. Announced Tuesday, the agreement will focus on financing land acquisition and development for single-family communities across the United States. The initial portfolio...
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