CAREERS Contact us
  • EN      

News & Insights

BACK

Fannie Mae Finances Elandis’s Pine Creek Multifamily Community In Houston, Texas, With $11m Property Loan

HOUSTON - Oct. 03, 2017

Elandis announced today the financing of Pine Creek, the firm’s 300-unit, two-story multi-family community located in Houston. The development’s lending facility of $11.15 million is with US government-sponsored enterprise, Fannie Mae on a seven-year term. Fannie Mae is a leading source of financing for mortgage lenders nationwide and this deal follows the successful repositioning of this asset by Elandis in only 17 months with consequent value enhancement.

The Elandis Houston portfolio of owned or managed properties comprises four multi-family rental communities of one-, two-, and three-bedroom units within the Greater Houston area including:

• Pine Creek: 470 Maxey Road – 300 Units

• Kirkwood Landing: 9850 S. Kirkwood Road – 264 Units

• The Forest: 22820 Imperial Valley Drive – 192 Units

• Valencia at Spring Branch: 9550 Long Point Road – 228 Units

With a proven track record in the real estate ownership, development and property management industry, Elandis continues to seek out strategic opportunities to acquire, renovate and ultimately enhance multi-family properties, thereby raising the quality of living for the communities and residents they serve. The demand for workforce housing continues to increase in the U.S., especially in the Sun Belt states which are experiencing favorable job growth and increasing urbanization.

[ You may also interested ]...

Elandis Sells Serenity Lake Apartments in Tampa, FL
Tampa - July, 2025

Elandis is pleased to announce the successful sale of Serenity Lake, a 260-unit multifamily apartment community located in Tampa, Florida, for a total consideration of $31 million (Elandis owned 248 units of the total)

Acquired significantly below this value

Elandis Sells The Forest Apartments in Houston, TX
Houston - June 2025

Elandis is pleased to announce the successful sale of The Forest, a 192-unit multifamily apartment community located in Houston, Texas

This transaction represents a significant milestone in our portfolio strategy and underscores the strength of our value-add execution Following

Elandis Named a 2025 Best Place to Work in Multifamily
Miami - January 2025

We are proud to announce that Elandis has been recognized as one of the 2025 Best Places to Work in Multifamily by the Multifamily Innovation® Advisory Council!

This prestigious award reflects the hard work, dedication, and collaborative spirit of

Elandis is thrilled to announce its recent property acquisition in Birmingham, Alabama
Alabama - May 2023

Miami, May 2023 –Elandis is thrilled to announce its recent property acquisition in Birmingham, Alabama This latest addition to our portfolio marks our fourth property in the beautiful “Yellowhammer” State

The property, Crestwood Green, is a stunning 270-unit

Elandis Adds Third Multifamily Housing Community in Alabama, Expanding Portfolio to Nearly 4,000 Units
Alabama - September 2022

Miami, Sept 2022 –Elandis today announced the acquisition of a third multifamily community in Alabama Hills At Hoover, a 320-unit community located at 3627 Cedarbrook Dr, is located in the Birmingham-Hoover metropolitan area The acquisition was financed by Truist
Elandis

Elandis Enters Alabama With Acquisition of Two Multifamily Communities
Alabama - July 2022

MIAMI, Jul 2022 –Elandis, a real estate ownership and property management company, today announced that it has acquired two distinctive multifamily communities in Alabama The communities, located in Birmingham, include:

• Ascot Place: Located at 544 Gadsden Hwy, Birmingham, AL –

LOAD MORE