Trammell Crow, Daiwa Close on 309-Unit Houston Apartment Deal

Trammell Crow (TCC) offloaded its interest in the 309-unit Parkside Residences in Houston. Daiwa House Group was the buyer. Multi-Housing News reports that the buyer self-funded the purchase with an $85.2 million loan. TCC and Daiwa teamed up in 2019 to develop the project. Construction kicked off in 2020, backed by an $86.5 million note...