Texas commercial real estate activity in mid-September features a mix of leadership moves, new capital markets platforms, and multifamily trades structured to navigate today’s financing conditions. Dallas-based Mohr Partners has expanded its leadership team, while CenterPoint Commercial Companies is building out a dedicated capital markets arm. On the investment side, multifamily assets in Waco and Houston have changed hands, with one transaction using a combination of loan assumption and preferred equity to align pricing with current market dynamics.
Mohr Partners, headquartered in Dallas, appointed industry veteran Dodie Williams as Managing Partner of Project Management Services, a newly created leadership role. Williams will oversee the firm’s national project management practice, working with corporate occupiers on buildouts, relocations, and capital improvement projects across their real estate portfolios. She brings more than two decades of commercial real estate and project management experience, having previously held leadership positions at JLL, Macro Consultants, Trammell Crow, and Jackson Cross Partners.
Also based in Dallas, CenterPoint Commercial Companies has launched CenterPoint Commercial Capital, a new capital markets division focused on commercial real estate debt and equity placement on a nationwide basis. To lead the new platform, CenterPoint has added experienced finance professionals Ari Raskas and Matthew Sheard. Raskas is the founder of ARZ Realty Capital, while Sheard joins from Marcus & Millichap Capital Corporation, signaling CenterPoint’s intent to build a specialized team to source and structure capital for a range of commercial real estate transactions.
On the investment sales front, The Multifamily Group (TMG) brokered the sale of Northwind Apartments, a 71-unit multifamily community located along Interstate 35 in Waco, Texas. Built in 1978, the property sits less than one mile from Texas State Technical College. TMG’s Jon Krebbs represented the undisclosed seller, while Angel Flores sourced the undisclosed buyer. The transaction utilized a loan assumption combined with a preferred equity structure to bridge the gap between the seller’s pricing expectations and conditions in today’s capital markets, reflecting how deal participants are layering capital to complete trades.
In Houston, Berkadia announced the sale of 220 & 230 West Alabama, two multifamily properties totaling 131 units. The Berkadia Houston Investment Sales team was led by Kyle Whitney and included Chris Curry, Jeffrey Skipworth, Chris Young, Joey Rippel, and Tucker Fama. The team represented the seller, an affiliate of Realty Center Management, Inc., in the transaction. The buyer was Fat Property. While financial terms were not disclosed, the sale underscores ongoing investor interest in stabilized multifamily product in major Texas markets, even as capital structures become more tailored to current lending and equity conditions.
