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 which amounted to $96.5 MM for the project.  The project broke ground in the 2^nd quarter of 2022, is expected to begin leasing in the 4^th quarter of 2023, and be fully delivered by 2^nd quarter 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.  Built with young professionals and families in mind, Resia Ten Oak’s amenities include assigned parking, a business center, and a multipurpose clubhouse complete with a swimming pool and fitness center.  

Resia is rapidly scaling up its development activities in major markets throughout the Southeast.