The NRP Group, a Cleveland-based developer, builder and manager of multifamily housing, has broken ground on four new affordable housing developments in Texas, totaling 922 units and over $175-million investment.
The communities include The Arcadian, The Scott at Medio Creek and Luna Flats, all located in San Antonio, as well as Independence at Collin McKinney in the Dallas suburb of McKinney.
Since opening its Texas office in 2004, NRP has invested $1.5 billion in developing 65 communities across the state, totaling 12,500 units of affordable housing.
“Sixteen years after we entered the Texas market, NRP continues its commitment to Texas and our mission of creating exceptional housing opportunities for individuals and families, regardless of income,” said Jason Arechiga, SVP of development at the NRP Group.
All four projects are scheduled for completion in early 2022.
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism.
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