Dallas-based nationwide condominium investor S2 Capital has added 14 properties to its portfolio across both Dallas Fort Worth and Houston. This is a total of 11 properties based here in North Texas with a total of 4,455 units.
according to Real Capital AnalyticsWith its recent acquisition, S2 Capital has become the number one buyer of the most active apartments in Dallas / Fort Worth over the past five years.
Each of the 14 properties was built between 1979 and 1987, and S2 has already begun plans to refurbish the exterior and interior of each asset. Exterior refurbishments include enhanced pools, fitness centres, rental offices, clubhouses, fresh paint and siding to “provide enhanced community experiences for current and future residents.” Similarly, each interior will be refurbished with new flooring, countertops, kitchen and shower tiles, lighting fixtures, hardware and appliances.
Scott Everett, Founder and CEO of S2, said: D CEO: “We believe DFW is currently the best housing investment market in the country. Record immigration, business-friendly climate, household income growth, manageable inventory levels, and markets with strong housing demand. You have to be bullish. I’m very excited about the future of Dallas. “
The Hillwood Community is affiliated with BB, who lives in a rental home in Argyle.
The developer, Hillwood Community, has partnered with BB Living, the market leader in rental housing, to develop single-family rental areas in the Harvest communities of North Lake and Argyle.
Construction is underway and Hillwood Community and BB Living plan to provide 191 homes with new developments. Each home ranges from 1,800 to 2,500 square feet with 3 to 4 bedrooms. BB Living is designing a floor plan for a new Harvest home and preleasing will begin in July 2022.
Located just north of State Highway 114, on I-35W and FM 407, the facilities include on-site management as well as existing Harvest Community facilities and an award-winning lifestyle program. Known as “agriculture,” Harvest is an intimate place where residents can enjoy commercial farms, gardens, 11-acre lakes, four pools, playgrounds, miles of parks and trails, event venues, training facilities, and dogs. It’s a community. Numerous events and activities held annually by the park and onsite lifestyle teams.
Fred Balda, President of the Hillwood Community and Harvest Developer, said: “This new product not only gives families who do not want home ownership the opportunity to live in a great community like Harvest, but is also the perfect solution for buyers who are new to the area for the first time in the Master Plan. We’ve teamed up for this new venture because we’re building top-notch products and experiences that feel like an extension. “
BB Living was one of the first to develop a dedicated single-family rental community in 2012, where the first community was built from scratch. Following its success in Phoenix, BB Living has partnered with Toll Brothers. Spread the concept nationwide. In total, BB Living has completed more than 5,000 homes in 10 markets.
“We’ve been doing this for 10 years and have learned a lot of lessons,” said Branden Lombardi, President of BB Living. “Our residents want a sense of community, and Harvest is very intentional about offering it. Rents weren’t always considered a good option, but great communities, resort style. We are changing that perception by focusing on our amenities, excellent location and resident experience. “
Carolina Beverages provided distribution space by Hillwood at Alliance Texas
Other Hillwood News: Carolina Beverage Group has promised to lease a new distribution center at Alliance Texas.
As a long-time corporate resident with manufacturing facilities already located within Alliance Texas since 2014, this new project demonstrates the Carolina Beverage Group’s expansion by expanding the square foot within the new Alliance Center North 9.
“The Carolina Beverage Group has been an outstanding and highly valuable corporate resident of AllianceTexas for almost a decade,” said Reid Goetz, Senior Vice President of Hillwood, in a statement.
Goetz says the industrial development strategy of “building to meet future needs” is in good agreement with supporting the growth of the Carolina Beverage Group.
According to the release, construction of the spec facility Alliance Center North 9 began in December 2021 and now functions as a state-of-the-art distribution center to support the Carolina Beverage Group’s bottling and filling facilities.
Located on the southeast corner of Denton County or on North Beach Street and Litsey Road, AllianceCenter North 9 is conveniently located with direct access to various Alliance Texas facilities such as the Interstate 35W, I-35W Interchange, and Alliance FedEx Ground Hub. UPS Ground Sort Hubs, FedEx Express Southwest Regional Air Hub and Amazon Air Regional Hub, and BNSF’s Alliance Intermodal Facility.
Other logistical equipment at the facility includes a minimum height of 36 feet, a 60-foot loading bay, two heavy-duty truck courts, and various trailer parking spaces.
Brian Demo, President and Chief Executive Officer of the Carolina Navigation Group, said: “We can now continue to use these facilities while seamlessly servicing our growing footprint across the country.”
Newmark representing an industrial portfolio of 33 assets in the Permian basin of Midland
Newmark sells a new industrial product, Energy Related Properties (ERP). Located in the Permian Basin of Midland, this 33-asset industrial portfolio is located in one of the largest oil fields in the world.
Located on 160.7 acres of land, this portfolio contains 33 single and multi-tenant net lease assets totaling 662,714 square feet. According to a press release, 91% of the property is currently rented and the average occupancy over the last five years has been maintained at 90%.
The sale opportunity is represented by Newmark’s Capital Markets Group, led by Vice Chairman Matt Beres.
“This is a very rare opportunity to gain a well-selected portfolio of the best assets in the Permian basin and a significant market share position,” said Beres. “Given the current geopolitical tensions and potential supply disruptions, the global oil market is very tight. With the increase in energy production in the Permian basin, this portfolio will benefit significantly from the dynamics of these markets. You can receive it. “
Transwestern’s industrial market report shows high levels of availability for the first time in nine years
According to Transwestern’s latest Dallas / Fort Worth Industrial Market Report, the Dallas Fort Worth Industrial Market recorded a positive net absorption of 8.6 million square feet in the second quarter of 2022. Absorption over the last 12 months was 36.1 million square feet.
Market reports for the quarter revealed that rent growth in the Dallas / Fort Worth region is accelerating. In fact, according to the report, industrial rent growth rose 13% this quarter and flex rent growth rose 9% from last year.
Speculative construction set another record for developers to provide about 13 million square feet of new inventory this quarter. Speculative construction reached a record high of 67 million square feet.
The vacancy rate was flat at 5.5%. However, with unprecedented levels of construction, Transwestern is seeing 9% of industrial vacancies in the next 12 months as new inventory surpluses are on the market and many companies are paying attention to the possibility of a recession. Estimated to reach.