Provident Industrial acquires the 1.5 million-square-foot Commerce 45 industrial park in Hutchins, while Haven Housing adds the 309-unit Hays Park Apartments to its portfolio in Kyle.
Provident Industrial has finalized the acquisition of Commerce 45, a two-building industrial portfolio comprising approximately 1.5 million square feet located at 1100 and 1150 E Cleveland Street in Hutchins, Texas. The South Dallas property is slated for long-term investment holding. Meanwhile, in the multifamily sector, Haven Housing—the affordable housing arm of BH Properties—has acquired Hays Park Apartments in Kyle, Texas. The garden-style community totals 309 units and maintained a 90% occupancy rate at the time of the transaction, which was brokered by a Walker & Dunlop team including Kevin Dufour, Matt Pohl, Spencer Roy, and Forrest Bass.
Cavender's acquires the 610,622-square-foot Tradepoint 45 East distribution center in Wilmer, Texas, from Ares Management for an undisclosed price.
Formation plans a $130 million, 715,000-square-foot industrial campus called The Gateway at Formation Park in McKinney.
Northmarq secures refinancing for Wood River Apartments, a 199-unit multifamily community in Corpus Christi.
Andrey Zudin of NHP Foundation offers 10 strategies to improve construction management for affordable housing projects.
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