NRP Closes Financing, Starts Work on $87M Carrollton Apartments

NRP Closes Financing, Starts Work on $87M Carrollton Apartments
News| August 8, 2025| Mike Boyd
Texas + Apartment Buildings

The NRP Group closed its financing and broke ground on a 370-unit luxury multifamily community in Carrollton, Texas. The $87 million project, known as Jackson Road, is located at 2255 N. Broadway Street and will feature one-, two-, and three-bedroom homes with dens. The average unit size will exceed 1,000 square feet.

The project is also within walking distance to DART’s Green Line and the new Silver Line commuter rail that will connect Carrollton to Plano and DFW Airport. 

“As the cost of homeownership continues to rise across North Texas, renters are seeking spacious, well-connected communities that support modern lifestyles,” said NRP’s Alena Savera.

The 661,000-square-foot development is four levels tall. Residents will have access to a range of upscale amenities, including a pool, a 24-hour fitness center, a landscaped courtyard, a dog park with wash stations, and a fully equipped business center. 

Buy, Build, Sell, Hold – The clock’s ticking! Be in the room when forward thinking developers and investors explain how they are capitalizing on market shifts—new construction, repositionings, acquisitions, and more. Register to attend Connect Texas Multifamily and be there to hear how the industry leaders are turning today’s challenges into long-term opportunity and positioning for the next wave of multifamily growth. www.ConnectTXMF2025.com | EVENT DATE: Thursday, August 28th | VENUE: The Joule, Dallas 

Other News

One Beverly Hills Reaches Milestones Ahead of Schedule

California & West + Apartment Buildings

The development team behind One Beverly Hills (1BH) said construction on the $10-billion luxury mixed-use project is proceeding ahead of schedule. The Beverly Hilton expansion structure topped out approximately 10 weeks ahead of schedule and one of the residential towers is progressing six weeks ahead. “This was accomplished while significant operations were maintained at The...

Learn more

Metro Loft, David Werner Secure $231M Loan for Midtown East Residential Conversion

New York & Tri-State + Apartment Buildings

Northwind Group has originated a $231-million first mortgage construction loan for 675 Third Ave., a 32-story, 337,000-square-foot office building in Manhattan’s Midtown East neighborhood that is slated for conversion into residential apartments. The conversion is being led by a joint venture between Nathan Berman’s Metro Loft Management and David Werner Real Estate Investments. Loan proceeds...

Learn more

Rental Affordability Declines in Most Metros, but Improved Housing Quality is a Factor

Apartment Buildings

Rental housing affordability declined in 82% of U.S. metropolitan areas between 2014 and 2023, with renters experiencing the equivalent of an average $256 annual reduction in income after accounting for changes in housing quality. That’s according to a new report released Tuesday by the Mortgage Bankers Association’s Research Institute for Housing America. The report, Housing...

Learn more
New call-to-action

Brokers

View All

Lenders

View All

Management

View All
Login
or
Sign up