CESM sold Emerson at Well Branch in Pflugerville, a project it developed in 2023. Commercial Edge reports the 352-unit property was acquired by Hamilton Point with the help of a $75 million acquisition loan from KeyBank.
The community comprises 35 two-story buildings across a 43-acre site, enclosing apartments with one- to three-bedroom layouts ranging from 665 to 1,319 square feet. Shared amenities include a fitness center, clubhouse, business center, swimming pool and grade-level parking with 620 spots.
Emerson at Wells Brach is 15 miles northeast of downtown Austin, close to Interstate 35. Other major thoroughfares in the area include Texas state routes 1 and 45, as well as U.S. Route 183.
Hamilton Point Investments owns 12 other multifamily properties in Texas, including assets in metro El Paso, Houston, and Dallas-Fort Worth.
Ontario Finance Minister Peter Bethlenfalvy told the legislature Thursday that the province’s response to economic uncertainty is to “build, and to build together.” But the Fall Economic Statement he delivered forecasts considerably less building than the government expected just six months ago. Ontario now projects 65,100 housing starts in 2027, down from 70,300 in its...
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Five major Canadian banks are financing a 917-unit rental development in Etobicoke, where construction is now underway on a site previously planned for condominiums. CBRE Capital arranged the conventional, uninsured construction financing for EllisDon Developments and Windsor Private Capital’s two-tower project at 80–90 Fieldway Rd., near Kipling station. The LiUNA Pension Fund is also an...
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Peakhill Capital has launched a $750-million construction lending program for rental housing developments across Canada, with $450 million in loans already closed under the new platform this year. The Toronto-based lender announced Thursday that its Everest program, backed by an initial institutional commitment, will provide CMHC-insured construction loans ranging from $4 million to $200 million....
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