DFW Senior Housing Is Overbuilt, But Not In Dire Straits

Want to get a jump-start on upcoming deals? Meet the major Dallas-Fort Worth players at one of our upcoming events!

For now, the Metroplex suffers an overhang of senior housing supply, according to the speakers at Bisnow’s DFW Senior Housing event. But the situation isn’t hopeless: Demand is still strong, and projects in the right place with the right operator will attract residents.

National Investment Center for Seniors Housing & Care Chief Economist Beth Mace, whose organization has data on about 14,000 properties, outlined the big picture for national and DFW senior housing.

Senior housing occupancy nationwide has been declining for the last four years because of inventory growth, Mace said. Even so, demand is strong.

Occupancies nationally for independent living average about 90...

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Highlands Dallas TX

Locating Apartments Lake Highlands Dallas TX

Finding brand new apartments even in unfamiliar areas has never been easier. Nowadays, you have so many resources that you are going to be able to use in order to identify the right apartment to invest in. Below, we will be going over some of the keys to finding the best apartments Lake Highlands Dallas TX. Read More

Dallas Housing Authority Aims to Grow Texas Affordable Housing

The Dallas Housing Authority has tapped 12 development firms to partner with in order to create more affordable housing throughout North Texas. The companies will work with DHA to redevelop seven of its properties, totaling 650 units on nearly 146 acres of land. These firms include:

AMTEX Multi-Housing Carleton Development Fairfield Residential Matthews Southwest McCormack Baron Salazar Michaels Development Co. Ojala Partners Steele Properties The NRP Group Trammell Crow Co. Volunteers of America National Services DFW Advisors, KRR Construction and Michael R. Coker Co.
Redevelopment pipeline

The first project will be redeveloping the former Brooks Manor site located in Oak Cliff/District 1. The property—which encompasses a 6...

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Comerica Bank’s Texas Index Up Slightly

DALLAS, Jan. 3, 2019 /PRNewswire/ — Comerica Bank’s Texas Economic Activity Index increased by 0.1 points in October to 135.8. October’s index reading is 40 points, or 42 percent, above the index cyclical low of 95.5. The index averaged 128.5 points for all of 2017, 4.2 points above the average for 2016. September’s index reading was 135.7.

The Comerica Bank Texas Economic Activity Index increased slightly in October, following a small increase in September. The two-month gain in our headline index for Texas reverses a slight two-month decline over July and August. In October, six out of nine sub-indexes were positive. They were non-farm payrolls, unemployment insurance claims (inverted), house prices, industrial electricity demand, state trade and sales tax revenue...

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Dallas woman says husband slain because he was beating cat

DALLAS, TX – Dallas police say a 47-year-old woman has told detectives she shot and killed her husband because he was beating the family cat.

Authorities say Mary Harrison has been arrested and jailed on a murder charge for the slaying of her 49-year-old husband Dexter Harrison. She’s held on $100,000 bond.

Mary Harrison told authorities the shooting Saturday occurred during an argument. Dexter Harrison was taken to a hospital where he died.

Dallas police, in a statement Sunday, say she told officers that he’d been beating the cat.

Neighbors say the family cat recently went missing, Mary Harrison had posted signs about it disappearing and the pet eventually returned.

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3 grass-roots North Texas groups

3 grass-roots North Texas groups are saving lives, one veteran at a time

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Memorial Day honors Americans who have died during military service.

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BRT Apartments Corp. Acquires 281-Unit Value Add Property in Dallas/Ft. Worth, Texas

GREAT NECK, N.Y., May 21, 2018 (GLOBE NEWSWIRE) — BRT Apartments Corp. (NYSE:BRT) announced that an entity in which it has a 50% equity interest acquired Landings of Carrier Parkway, a 281-unit multi-family property located in Grand Prairie, Texas, midway between Dallas and Ft. Worth, for $30.8 million, including $19.0 million of mortgage debt obtained in connection with the acquisition. The mortgage debt matures in 2028, carries an interest rate of 4.37% and is interest only until 2023. BRT contributed $7.3 million of equity in connection with the acquisition and anticipated improvements to the property.

“Landings of Carrier Parkway presents BRT with a unique opportunity to reposition a property located in a submarket undergoing strong economic growth,” stated Jeffrey A...

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Real estate

United® Real Estate Experiences 121% Growth Year Over Year in Transaction Volume and 106% Growth in Agent Count

United® Real Estate Experiences 121% Growth Year Over Year in Transaction Volume and 106% Growth in Agent Count Agent-Centric Real Estate Model Celebrates Agent Success and Office Growth in First Quarter 2018 <!– google_ad_client = "pub-4550296210383693"; google_ad_width = 300; google_ad_height = 250; google_ad_format = "300x250_as"; google_ad_type = "text_image"; google_color_border = "E6E6E6"; google_color_bg = "F7F7F7"; google_ad_channel = "7237908781"; //–> google_pub_vars=window.parent[‘google_sv_map’][‘aswift_1’];google_sailm=true;google_iframe_start_time=new Date().getTime();google_async_iframe_id="aswift_1";window.google_process_slots=function(){window.google_sa_impl({iframeWin: window, pubWin: window.parent});}; Dallas, TX, May 09, 2018 –(PR...

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Southern Land Co. to develop Nove at Knox – Dallas Business Journal

Nashville-based developer Southern Land Co. has broken ground on Novē at Knox, a 310-unit apartment property in Dallas’ Knox-Henderson neighborhood.

To be located at 3031 Oliver Ave., the complex will span 19 stories and include 41 junior suites, 159 one-bedroom apartments and 90 two-bedroom apartments. Another 16 penthouses, some of which will have private terraces, are planned for the buildings 18th and 19th floors.

The property’s amenities will include a concierge and 10,000 square feet of private open space connected to McKinney Avenue, featuring a dog park and outdoor seating area with grills and fireplace. A fifth-floor amenity area will also offer a resort-style pool and private cabanas with TVs, a fitness center, flex room and residents lounge.

Apartment features include stainless...

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