Resia (formerly known as AHS Residential) announces it has closed on construction financing for a 322-unit apartment community located in the Dallas-Fort Worth area. Regions Bank provided the construction financing for this project, which is one of several brand-new Resia developments as the company continues to develop throughout Texas. This is Resia’s second multifamily development in the Dallas-Ft. Worth market. The project broke ground in the first quarter of 2022 and is expected to be delivered in the second quarter of 2023.
“We are grateful to Regions Bank for their partnership on this project, as well as for their continued commitment to supporting our vision as we continue to grow and expand in Texas,” said Carlos E. Gonzalez, chief investment officer for Resia.
Located at 3130 Heritage Trail, the new Resia apartment community will deliver 322 units across two 7-story mid-rise buildings. With one-bedroom, two-bedroom, and three-bedroom floor plans, all apartments will feature modern finishes, stainless steel appliances, and in-unit laundry. Resia communities are built with young professionals and families in mind and include desirable amenities like assigned parking, business center, and a multipurpose clubhouse complete with a swimming pool and fitness center.
Resia is rapidly scaling up its development activities with the goal of delivering 8,000 new apartments annually by 2025. The company is on a mission to help solve the U.S. housing crisis by building quality apartments in growing metros where many renters are getting priced out by rising rents.
Resia, formerly known as AHS Residential, is an award-winning, vertically integrated real estate company that specializes in developing, building, and managing quality multifamily communities across the United States. Our mission is to deliver exceptional living experiences to the millions of American households currently spending more than half of their income on rent. Resia is a division of MRV&Co (MRVE3:BZ), one of the largest homebuilders in the world. For more information, please visit www.liveresia.com.