Phoenix-based NexMetro Communities plans to invest upwards of a half-billion dollars in the next few years on new luxury leased communities in Dallas-Fort Worth. The investment plan comes after the company closed a deal in excess of $100 million with Trez Capital, one of the largest private non-bank lenders in North America.
Trez Capital, which has an office in Dallas, will initially help back five of NexMetro’s Avilla Homes communities this year in Phoenix, Dallas and Denver. The lending relationship will be managed from the Canadian-based firm’s Dallas office.
Click to read more at Dallas Business Journal.