RICHARDSON, Texas – (Feb. 2017) – CityLine today announces that Carter-Haston, a multifamily investment and management firm, has acquired Anthem CityLine (previously Lot A), a luxury residential community located within the 204-acre, mixed-use project in Richardson, Texas.
“CityLine is excited to have a management company on board with such a strong reputation of success,” said Jessica Robertson, director of marketing for CityLine. “We have full confidence in the Carter-Haston team and we are planning for a smooth transition to the new management.”
Located at 1250 State Street, Anthem CityLine offers spacious one, two and three bedroom apartments with first-class finishes like granite countertops and stainless steel appliances. Residents have access to a resort-style pool, modern gym and are within walking distance of more than 25 dining options at CityLine, the DART CityLine/Bush Station, and the State Farm and Raytheon campuses.
“Anthem CityLine is just the kind of luxury residential community we aim to acquire, and it’s set in an ideal location with unlimited amenities and resources,” said Ashley Allen, marketing and training director for Carter-Haston. “We’re looking forward to establishing a mutually beneficial relationship with CityLine and partner on upcoming events.”
CityLine includes a total of 1,900 apartment and town home units, including Anthem CityLine and The Standard at CityLine. CityLine Park Apartments, The Lyla Apartments, The Riley Apartments and Residences at CityLine are currently under construction.
CityLine is a 204-acre transit-oriented development in Richardson, Texas featuring a dense mix of office buildings, apartments, restaurants, entertainment options and open space, with easy access to two major highways and the DART light rail system. CityLine’s current development phase includes more than 25 dining options with Whole Foods Market as a retail anchor, an Aloft hotel, seven office buildings home to State Farm and Raytheon, and a wellness office building anchored by Texas Health Resources and Children’s Medical Center.
At full build-out, CityLine will contain five million square feet of office space, 3,925 multi-family residential units, more than 50 dining and service retail options, two hotels, and two parks with access to regional hike and bike trails. Approximately 30,000 people are expected to live and work at CityLine.
Carter-Haston was founded in 1987 and is celebrating its 25th anniversary as a knowledgeable and trustworthy leader in multifamily property management and private fund investment. Backed by 25 years of success, Carter-Haston has the investment and management foresight to maximize return on capital while managing risk through the acquisition, management and sale of multifamily communities throughout the United States.
Carter-Haston’s portfolio of multifamily properties consists of more than 9,000 units valued at more than $1 billion. Carter-Haston is based in Nashville and employs more than 300 people across the country with regional offices in Atlanta, Georgia; Tampa, Florida; Charleston, South Carolina and Dallas, Texas.
As a fully integrated real estate firm, Carter-Haston has significant experience in underwriting, acquisition, property management, disposition and equity and debt placement.