Dallas, Texas
Civitas Skyline Fund, LP made a $53.5 million senior loan to Trammell Crow Residential to finance The Alexan, comprised of 388 luxury apartments and 4,180 square feet of restaurant space. The project is located atop Goat Hill overlooking the American Airlines Center and the Victory Park shopping and entertainment complex. Construction expenditure is projected to generate more than 100% of the minimum job requirement. The project started construction in August 2013. The Alexan won Dallas Business Journal’s “Best Real Estate Deals 2013” in the Urban Multifamily category.
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