**Resia Secures $82 Million in Financing for North Fort Worth Multifamily Development**
PGIM Real Estate has provided a $24 million mezzanine loan to Resia for the development of a new multifamily community in North Fort Worth, Texas. The loan, made on behalf of PGIM’s structured debt strategy, complements a $58 million senior loan from Bank OZK. Jesse Wright of JLL Capital Markets arranged the financing.
The planned development will consist of 464 residential units across two eight-story buildings, situated on an 8.5-acre site within the broader North City master plan. Shared amenities positioned centrally between the two buildings will include a swimming pool, a 24-hour fitness center, and a resident clubhouse. Individual apartment units will feature stainless steel appliances, granite countertops, in-unit washers and dryers, and private patios.
Leonardo Corrêa of Resia commented, “This project marks our third community within the Dallas-Fort Worth metro area and our fifth in Texas, and we look forward to working with partners who share our vision for providing well-designed, attainable housing options.”
