DALLAS, TX – AMTEX announces the completion of more than one thousand rental apartment units in Texas, with more than 2,700 more apartments either currently under construction or to be developed over the next few years. 

Campus Apartments is AMTEX Multi-Housing’s newest affordable apartment community to be completed. Located at 4651 Campus Drive in Fort Worth, Campus Apartments offers 224 units for individuals and families in the low-, moderate- and market-income ranges. AMTEX Construction, LLC, served as the master subcontractor for this newly completed community.

Next to be finished will be AMCAL Equities’ luxury apartment project overlooking gorgeous Lake Ray Hubbard that is set to open in November providing 228 new luxury rental apartments. Located 20 miles northeast of Dallas in Rockwall, Texas, The Florence at the Harbor will offer residents sweeping lake views and simple access to local businesses, services and destinations including the award-winning Harbor District, Downtown Rockwall, and the lifestyle attractions in neighboring Dallas, Plano, and Richardson. 

AMTEX Multi-Housing has 10 more projects in the works with more than 2,700 apartments to be developed in Fort Worth, Austin, Garland, and Houston. AMTEX has already completed six affordable apartment communities in Houston, Fort Worth and Denison.

“We’re excited to be bringing so many new apartment home choices to residents in several Texas communities,” said AMTEX President Arjun Nagarkatti. “Attractive homes for both lower-income residents and those who want more deluxe residence choices are finding superb options with AMTEX apartment homes.

“AMTEX will be starting construction on a new luxury apartment home project in North Fort Worth in July. The residences at these properties will represent the best in luxury living, offering the lifestyle and service amenity options that people who lease luxury apartment homes have come to expect,” said Nagarkatti.

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NASHVILLE, TN – Mission Rock Residential, a Denver-based property management company, is continuing to expand its presence in the eastern United States, announced two new management contracts for the Post Ridge Apartments and the 865 Bellevue apartment community, both located in Nashville, Tennessee. These new property management agreements mark the first to be under the management of Mission Rock in the State of Tennessee.

“Our Eastern regional property portfolio is really taking off, and we couldn’t be more excited. These properties are in gorgeous, tree-covered locations and each offer wonderful lifestyle options for residents of the booming Nashville area,” said Pat Hutchison, the President of Mission Rock Residential.

The Post Ridge Apartments offer 150 individual rental residences in both townhome and apartment configurations. The community features large floor plans, an outdoor resort-style pool, and a close proximity to the city’s famed Percy Warner Park recreation area. On-site playground and BBQ grilling area, package lockers, and community clubhouse all provide fantastic benefits beyond the individual 2- and 3-bedroom units as well.

The nearby 865 Bellevue community is home to 326 residences and offers 1-, 2-, and 3-bedroom floorplans. The community features lush plant coverage and multiple trails and outdoor patio areas for community activities. In addition, this gated community features a 24-hour workout facility, a yoga studio, an on-site dog park, a putting green, sand volleyball court, and more. 

The Nashville market has grown tremendously in recent years, with its population expanding by 100 people per day in 2018. Last year’s economic growth pace place Music City fifth among metro areas with real GDPs of $100 billion or more, trailing only Silicon Valley, Austin, Seattle and San Antonio. The region is home to a thriving, diverse economy and has had recent corporate recruitment successes including major offices or headquarters for Amazon, Alliance Bernstein, Ernst & Young and Major League Soccer. 

In addition to the spacious floor plans and elevated amenity package, Mission Rock Residential offers its communities a satisfaction guarantee, branded as the “Rock Solid Guarantee”. This includes a 24-hour response to maintenance requests, a 30-day go-in satisfaction guarantee, complimentary lock-out help during business hours, and an opportunity to buy a low-cost renter’s insurance plot with guaranteed pre-approval.

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SARASOTA, FL – Hunt Companies (Hunt) along with its co-developer, Carter USA, has sold a luxury residential development in Sarasota, Florida.  The DeSota, a class AA, 180-unit complex which includes a resort-style swimming pool, clubroom, outdoor deck, gym quality fitness center and 24-hour concierge was completed in 2017. 

The 10-tale concrete development includes one, two, and three bedroom apartments with 15,000 square feet of ground floor retail. Interior features include condominium-grade finishes including quartz countertops, stainless steel appliances and wine chillers. The well-appointed units averaged 1,139 square feet.

Hunt Executive Vice President, Dominick Cristiano, who managed the development, lease up and disposition of the property, said, “We are very pleased with the outcome of a well-conceived and executed business plot. A lot of the credit goes to our partner [Carter] and the Pinnacle team for their successful leasing effort over the last several years. The sales price reportedly represents one of the highest price per unit sales ever achieved in Florida on a multifamily transaction.”

Located at the corner of 2nd Street and Central Avenue in the heart of downtown, The DeSota is directly across the street from Whole Foods. It is uniquely positioned within walking distance of the cultural arts district, central business district, more than 20 restaurants, numerous retail shops and the Sarasota Marina.

Walker Dunlop Investment Sales brokered the transaction.

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