Texas People & Companies, December 19, 2025

• Rainier Development Company announced that Matthew Heisley has joined the firm as Partner & Senior Vice President – Retail, where he will lead the company’s national mixed-use and retail strategy, as well as leasing and development initiatives. With nearly 20 years of experience, he will oversee shaping Rainier Development’s retail vision across its expanding national mixed-use portfolio.
• Trammell Crow Company (TCC) announces that Joel Behrens has been promoted to Market Leader of the firm’s Dallas-Fort Worth office. In this role, he is responsible for the day-to-day operations and strategic oversight of all new development and investment activity for TCC and High Street Residential (HSR), the firm’s residential subsidiary, throughout the region. During his tenure at TCC, Joel has executed 9.5 million square feet of office, multifamily, and mixed-use development projects, totaling over 6,500 units.
• Manufactured housing is gaining traction as a practical, often priced at just one-third of a site-built home, according to StorageCafe’s latest research. Modern, factory-built homes, which have recently adopted contemporary design, improved energy efficiency, and stronger construction standards tailored to Texas’s diverse climate, are helping to expand attainable homeownership for families, retirees, and first-time buyers across the state. Texas counts 776,000+ manufactured homes, trailing only Florida in total volume and still growing. New manufactured homes in Texas average around $122,500 (excluding land). 
• Dwight Capital closed a $31 million construction loan for Oxford at the Boulevard Phase II, a planned 172-unit, second phase of the existing Oxford at the Boulevard community in Corinth, Texas. The 90% loan-to-cost, non-recourse financing was secured through HUD’s 241(a) program. Phase II consists of five garden-style residential buildings, four parking garages, a dog park, and on-site storage units. Residents will also enjoy shared access to Phase I’s 193-unit community and its established amenities, including a fitness center, community lounge and kitchen, swimming pool, pickleball and basketball courts, and a lake with a walking path. Dwight Capital’s Brandon Baksh and Brian Yee originated the transaction on behalf of the borrowers Oxford Enterprises.

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