Resia has closed on construction financing for a 573-unit apartment community located in the city of Houston, Texas. Santander Bank led the senior financing with Valley Bank participating, and Artemis Real Estate Partners provided preferred equity. The total financing amounted to $96.5 million for the project, which is one of several brand-new Resia developments as the company continues to develop throughout Texas, Georgia, and Florida. The project broke ground in the Q2 of 2022, is expected to begin leasing in Q4 of 2023, and be fully delivered by Q2 of 2024.
Located directly across from the Houston Methodist West Hospital, Resia Ten Oaks will deliver 573 units across three 12-story high-rise buildings. Resia Ten Oaks will offer one-bedroom, two-bedroom, and three-bedroom floor plans. Apartments will feature modern finishes, stainless steel appliances, and in-unit laundry. Built with young professionals and families in mind, Resia Ten Oak’s well-designed amenities include assigned parking, a business center, and a multipurpose clubhouse complete with a swimming pool and fitness center.
Colliers Mortgage, the debt financing arm of Colliers | U.S., is pleased to announce the hiring of Greg Young as senior vice president, production manager based out of Houston, Texas. Greg has an extensive career within commercial real estate finance and joins Colliers Mortgage with over 21 years of experience, having closed $2.5 billion in financing over his career.
Greg will work with the Colliers Mortgage team with a focus on production across the country for all income producing properties.
Colliers Mortgage is excited to add this veteran finance professional to our team as we continue to grow our platform across the U.S.
Alston Construction has promoted Jayson Taylor to regional operations manager for the Central Region. He is proactive and responsible for providing the necessary resources to the central region project teams to deliver on-time, on-budget, and on-spec projects. Since joining Alston Construction in 2014, Jayson has contributed to managing processes in the Chicago office while supporting other offices’ field teams.
The Chicago office recently hired Mike Llewellyn to be the new operations manager. He has accomplished over 22 years of experience in successfully operating construction management projects in the cold storage, industrial, and manufacturing sectors. Mike is responsible for directing and overseeing the daily management, supervision, coordination, and successful completion of projects.
Ken currently serves as Gensler’s professional services practice area leader for the South Central Region. For more than 30 years, Ken has specialized in law office design and led the client relationships on more than six million square feet of professional services projects across the globe for local, regional and Am Law 100 and 200 firms. He is a registered architect, a registered interior designer, a LEED accredited professional and a current member of the American Institute of Architects.