Alternative Investments Portfolio - Texas

Maple Station Apartments

Location

Dallas, Texas


Overview

Civitas Maple Fund, LP, invested $11.5 million in a joint venture with Wood Partners, the third-largest apartment developer in the United States, to develop Alta Maple Station, a 4-story, Class A, wrap-style multifamily apartment building in the rapidly expanding Dallas Medical District. Because it includes an affordable housing component as well as parking for the nearby DART Green Line light-rail station, the project significant tax increment financing support from the city of Dallas.

Location