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They came a long way

Hot Texas real estate market brings in billions from international buyers

Johnathan Silver
Sep 26, 2019 | 12:30 pm
8613 Navidad Austin home for sale
Homebuyers from around the globe are flocking to Texas.
Photo courtesy of Kuper Sotheby's International Realty

International homebuyers may have the world at their fingertips, but it's the Lone Star State where many want to invest.

The Texas Association of Realtors' 2019 Texas International Homebuyers Report reveals that 18,310 Texas homes were sold to international buyers between April 2018 and March 2019, totaling $7.8 billion in sales. That accounts for 10 percent of all U.S. homes sold to foreign buyers, trailing only Florida (20 percent) and California (12 percent).

While $7.8 billion is a lot of money, it's the state's lowest haul from this group of buyers in six years, according to the association. From April 2017 to March 2018, international buyers spent $10.89 billion on 24,012 Texas homes. The previous year, they spent a staggering $18.66 billion on 34,135 Texas homes.

Texas isn't alone in the downward trend. Nationwide, the number of international homebuyer purchases dropped 31 from the previous period.

Despite slowing sales, Texas steadily represents 9-12 percent of all U.S. homes sales to this group of buyers each year.

“Texas is seen as a solid state for investments due to our strong economy, business environment, and large metropolitan areas,” says Tray Bates, chairman of Texas Realtors, in a release. “Investors are interested in residential and commercial real estate in Texas where they can deploy their resources to make an attractive return. Specifically, we’re seeing international investors look to Texas for large-scale investments in subdivisions and master planned communities.”

And who's buying in Texas? The report shows 28 percent of buyers from Mexico bought homes in Texas the latest reporting period. The Lone Star State was also a hot spot for buyers from India (13 percent), the U.K. (4 percent), China (3 percent), and Canada (3 percent).

The state also ranks third in homes sold by foreign owners. In the most recent period studied, 8 percent of all U.S. homes sold by international sellers were in Texas.

home-for-sale texas reports
news/real-estate

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Big deal

Houston investor acquires Bishop Arts mixed-use portfolio in $170M deal

John Egan
Oct 9, 2026 | 10:30 am
Bishop Arts Written by the Seasons
Photo courtesy of Hines
Michelin-recognized Written by the Seasons is one of several Bishop Arts businesses acquired by a Houston-based investor.

A Houston investor has snapped up a mixed-use portfolio of nine buildings in the Bishop Arts District, the second Bishop Arts property acquisition since August.

Hines Glob­al Income Trust told CultureMap it paid more than $170 million for a mixed-use complex with 539 apartments and 49,000 square feet of high-end shops. The Bishop Arts Portfolio, as Hines refers to the real estate package on its website, sits on almost seven acres.

“Bishop Arts is a special place, shaped by the care and investment of its prior ownership. We see our role as building on that foundation through thoughtful ownership and Hines’ integrated operating platform,” Corbin Eckel, managing director at Hines, told CultureMap.

Hines identified the seller as Dallas-based Exxir Capital. Exxir developed Oak Cliff's 750,000-square-foot, two-block Bishop Main Street area, which features retail, residences, and offices, and includes the properties acquired by Hines.

Tenants of the newly acquired properties include:

  • Italian restaurant Lucia, a Michelin recommended restaurant.
  • Michelin-praised Written by the Seasons, which serves a New American menu.
  • Paradiso, a Southern European-inspired eatery.
  • Bar Eden Lounge, a swanky cocktail bar.
  • Village Baking Co., an artisan bakery.

Hines is taking over all leases at the residential properties:

  • Bishop North, 200 N. Bishop Ave.
  • Bishop Canopy, 515 W. 10th St.
  • Bishop Flats, 305 and 431 Melba St.
  • Treehaus, 211 W. 10th St.
  • Retail at 308 and 275 N. Bishop Ave.; 404, 332, 336 and 337 Melba St.; and 403 and 321 W. Ninth St. Altogether, the portfolio’s retail component comprises 22 tenants.

The Hines deal comes two months after Dallas-based investor 90Ten purchased 301-321 N. Bishop Ave.301-321 N. Bishop Ave. in Bishop Arts. Tenants include burger diner Hunky’s, Italian pastry and coffee purveyor Palmieri Café, vintage clothing store Dolly on Bishop, gift shop Kawaii Candle Co., and cosmetics retailer Simply Bella.

bishop arts hines glob­al income trust dallas real estate commercial real estate residential oak cliff real estate
news/real-estate
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