Major Commercial Loan Closures in Texas (Late 2024 – Early 2025)

AT&T's $850M Sale-Leaseback Deal

In January 2025, Dallas-based AT&T secured $850 million through a sale-leaseback agreement with Reign Capital. The deal involved 74 underutilized central office facilities housing legacy copper networks, which AT&T plans to phase out by 2029. This strategic move allows AT&T to unlock capital while continuing operations in leased spaces.

CyrusOne's $687.1M Data Center Refinancing

In July 2024, CyrusOne obtained a $687.1 million CMBS loan to refinance its DFW1 data center in the Dallas-Fort Worth area. Morgan Stanley led the deal, with participation from Wells Fargo, Goldman Sachs, and KKR. This refinancing contributed to CyrusOne's impressive $12 billion capital raise in 2024.

Saxony Capital's Multifamily Acquisition in Tyler

Dallas-based Saxony Capital Management acquired the Wildwood Apartments in Tyler, Texas, in 2023. Facing a challenging capital markets environment, Saxony collaborated with JLL to secure financing and a joint venture partner. This partnership facilitated property renovations, enhancing the 176-unit community for residents. 

DML Capital's Expansion in Houston

Houston's DML Capital, in partnership with JLL, expanded its portfolio to over $300 million in assets under management. In February 2024, DML acquired the Offices at Kensington in Sugar Land, marking its entry into office property investments. JLL arranged life insurance financing for this acquisition.

Market Trends and Developments

Surge in CRE Lending Activity

CBRE's Lending Momentum Index reported a 13% increase in commercial real estate loan closings in Q3 2024 compared to Q2, nearing pre-pandemic levels. Life insurance companies emerged as significant contributors to non-agency loan closings, indicating a robust lending environment. ​

ANBTX's Commitment to South Dallas

In December 2024, American National Bank of Texas (ANBTX) inaugurated a new loan production office in South Dallas' Fair Park neighborhood. This initiative aims to support community development through financial education, small business support, and affordable housing loans, including the Ignite Home Loan program. ​

These developments underscore Texas's vibrant commercial real estate sector, characterized by strategic investments, refinancing activities, and community-focused initiatives.

For any large commercial real estate loans, please contact us at george@amerimort.com or call us at 832.607.1113.