Resia (formerly known as AHS Residential) announces it has closed on financing for Resia Dallas National, a 336-unit residential community located in the City of Dallas in Texas. Fifth Third Bank and Pearlmark provided the construction financing for this project, which is one of several brand-new Resia developments as the company continues to develop throughout Texas. Resia Dallas National is located across from the nationally renowned Dallas National Golf Club. This is Resia’s first multifamily development in the Dallas-Ft. Worth market.
“We are excited to be expanding our footprint within the state of Texas as the need for rental communities continue to be on the rise,” said Carlos E. Gonzalez, chief investment officer for Resia. “This is our first construction project in the beautiful city of Dallas, a metropolitan vibrant city offering the perfect blend of the contemporary and the cultural.”
Resia Dallas National will deliver 336 units across eight 3-story garden-style buildings. The project broke ground in December and is expected to be delivered in the third quarter of 2023.
Resia Dallas National 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 Dallas National well-designed amenities include 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. A complete company rebranding, including a new name, was launched on May 26, 2022.
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.
- Fifth Third Bank