{"id":1004123894,"date":"2015-07-23T21:28:28","date_gmt":"2015-07-24T05:28:28","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=355622"},"modified":"2020-05-18T22:38:52","modified_gmt":"2020-05-19T06:38:52","slug":"canadian-capital-hopes-for-greener-pastures-at-viridian","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/canadian-capital-hopes-for-greener-pastures-at-viridian\/","title":{"rendered":"Canadian Capital Hopes for Greener Pastures at Viridian"},"content":{"rendered":"<p><em>By Liviu Oltean, Associate Editor<\/em><\/p>\n<p>A joint venture formed by Houston-based <a href=\"https:\/\/www.johnsondevelopment.com\/\" rel=\"nofollow\" >Johnson Development Corp.<\/a> and Toronto-based <a href=\"https:\/\/www.triconcapital.com\/\" rel=\"nofollow\" >Tricon Capital Group Inc.<\/a> has kept busy in Texas, having recently closed on Viridian, a 2,083-acre master-planned community in Arlington.<\/p>\n<p>The community was acquired for $141.4 million, of which $25.4 million represented Tricon\u2019s investment and $116 million Johnson Development\u2019s. At build out, the community will feature approximately 3,500 homes and more than 1 million square feet of commercial space.<\/p>\n<div id=\"attachment_355623\" class=\"wp-caption alignright\" style=\"width: 310px\"><a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/07\/Aerial-View-of-Viridian-Lake-Club-Amenity-Center-and-Sample-of-Three-Existing-Homes-in-the-Community.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-355623\" title=\"Aerial View of Viridian Lake Club Amenity Center and Sample of Three Existing Homes in the Community\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/07\/Aerial-View-of-Viridian-Lake-Club-Amenity-Center-and-Sample-of-Three-Existing-Homes-in-the-Community.jpg\" alt=\"Aerial View of Viridian Lake Club Amenity Center and Sample of Three Existing Homes in the Community\" width=\"300\" height=\"156\" \/><\/a><\/p>\n<p class=\"wp-caption-text\">Aerial View of Viridian Lake Club Amenity Center and Sample of Three Existing Homes in the Community<\/p>\n<\/div>\n<p>Located 20 miles west of downtown Dallas, 15 miles east of downtown Fort Worth and four miles south of DFW International Airport, the community is in close proximity to some of the region\u2019s largest employment centers. Its amenities include a 274-acre lake; more than 17 miles of nature trails; an 18-hole golf course; a community center; a swimming complex; and a recently opened elementary school.<\/p>\n<p>\u201cViridian is an exquisitely planned, cash-flowing community located in one of the strongest housing markets in the United States,\u201d said Gary Berman, Tricon\u2019s president &amp; CEO, in a prepared statement. \u201cAs Tricon\u2019s fourth investment with the Johnson Development Corp. and the first since our strategic investment in the development manager last year, the acquisition of Viridian represents an ideal opportunity to expand our geographic market coverage to include DFW and to leverage Johnson\u2019s relationship with national and regional homebuilders.\u201d<\/p>\n<p><em>Image courtesy of Tricon<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A joint venture formed by Houston-based Johnson Development Corp. and Toronto-based Tricon Capital Group Inc. has kept busy in Texas, having recently closed on Viridian, a 2,083-acre master-planned community in Arlington.<\/p>\n","protected":false},"author":1158,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1586,21742],"tags":[],"class_list":["post-1004123894","post","type-post","status-publish","format-standard","hentry","category-dallas","category-latest"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - 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