Secretive Texas housing group builds apartment empire 1,500 miles away
- Posted on August 31, 2026
- By Houston Chronicle
- 26 Views
- 1 min read
In brief
An El Paso-based housing authority has established Sixteenth Floor Residential, a nonprofit organization strategically acquiring thousands of apartment units across southeastern states. This expansion represents a significant institutional investment in regional housing markets, raising questions about nonprofit housing strategies and their impact on local communities far from the organization's headquarters.
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Secretive Texas housing group builds apartment empire 1,500 miles away
The El Paso Housing Authority formed a nonprofit called Sixteenth Floor Residential last summer that has bought up several thousand units in the Southeast U.S.
