Market Trend

Based in the United States, we use first-hand information to introduce latest US real estate trends and related economics. We can provide unique insights about Houston - the energy capital of the world and the 4th biggest city in the US. We share our perspectives on real estate related statistics from trusted publications.

Houston office

12440 Emily Court, Suite 501, Sugar Land, TX, 77478
Tel:1-832-926-8988
Fax:1-281-690-5877
WeChat:DiZhuUS
Website:http://www.WeRealtyUS.com
Email:We@WeRealtyUS.com

Market Trend | 市场动态 Home  > Market Trend > 详情

326-Unit Apartment Community Headed Near The Texas Medical Center
2019-4-18 12:07:16, Tierra Smith


Medistar Corp. has secured an $8.4M mezzanine loan from Pearlmark to develop Medistar Grand, a 326-unit multifamily project near the Texas Medical Center. Bank OZK also provided a senior construction loan.   

We view this project as an opportunity to invest in a high-quality multifamily development close to the Houston Medical Center with a strong local sponsor,” Pearlmark Managing Director Bill Swackhamer said in a release.  

JLL represented the borrower in securing both the senior and mezzanine financing. 

Medistar has been active in the Texas Medical Center as of late. In January, the healthcare development company released plans for Innovation Tower, a 48-story, 1.6M SF mixed-use development. Construction is scheduled to start in the third quarter.  

Medistar also developed the 353-room InterContinental Hotel, which was the first full-service luxury hotel constructed in the area in several decades. The hotel features the signature InterContinental Club Lounge, 37 suites, a restaurant and bar, an outdoor pool and a fitness center, 12K SF of meeting space, seven meeting and boardrooms and an 8K SF grand ballroom.


Link: https://www.bisnow.com/houston/news/multifamily/326-unit-apartment-community-headed-near-the-texas-medical-center-98557


Services
 Residential/Commercial Search
 Contact Us
Search Tools
  Home Finder
  Neighborhood Finder
  School Finder
  Golf Course Finder
  Home Value
   
Copyright© 2015, DIZHUUS.COM All Rights Reserved.