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Peloton evaluated four different US markets and found that the Dallas area offered the most attractive options and a CBRE survey revealed that Dallas was in the number two spot as favored by investors.
As a result of population growth created by the concentration of multiple corporate headquarters, PMRG acquired land for the development of a 215,000-square-foot 200-unit senior living community.
A new park-centric multi-use development called Monarch City was recently introduced by the Howard Hughes Corporation and zoning is expected to begin this year on the community.
The REIT has partnered with several institutional investors for the deal, including BTG Pactual Timberland Investment Group, Highland Capital Management, Medley Management and a major Canadian institutional investor.
When complete, the Hyatt Regency Stonebriar will have a 3,000-square-foot Frisco public library available for use by hotel visitors and city residents, and connect directly to the mall, Stonebriar Centre.
Koontz continues to pursue multifamily, office and industrial in familiar markets with a growth strategy to stay with fundamentals and respond to proven demand with the right product at the right price.
Commercial real estate has grown into a multi-trillion-dollar industry, largely without the benefit of purpose-built software or other tools designed to address its specific pain points. Today, however, its major players are steadily converting to a new way of doing business.