CBRE IM Sells 376-Unit DFW Property
Kalterra Capital Partners picked up this Class A property.
CBRE Investment Management has sold Kinstead McKinney, a 376-unit Class A community in McKinney, Texas, according to Yardi Matrix information. Kalterra Capital Partners purchased the asset, situated within the Dallas-Fort Worth metro.
The property previously traded in 2020, when CBRE Investment Management picked up the asset from ZOM, the same source shows. The developer completed the community that same year, using funds from a $35.8 million construction loan provided by Texas Capital Bank.
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Kinstead McKinney is at 5701 McKinney Place Drive, 6 miles from McKinney National Airport. Downtown Dallas is 32 miles away while Dallas-Fort Worth International Airport is within 28 miles.
The community encompasses six three-story buildings spread across 12 acres. The unit mix consists of studio and one- to three-bedroom floorplans ranging from 554 to 1,725 square feet. Apartments include washers, dryers and walk-in closets, while select layouts feature private yards and balconies.
The pet-friendly community’s amenities comprise two swimming pools and a sundeck, a fitness center, a yoga studio, a clubroom with a catering kitchen, conference rooms and a coworking lounge, a gaming room, pet washing stations and a dog park. Additionally, Kinstead McKinney features EV charging stations and 658 parking spots.
Accelerating investment activity in the Metroplex
Dallas’ multifamily transaction volume year-to-date as of April reached more than $1 billion from the 44 properties—12,489 units—that traded, according to Yardi Matrix information. The number increased considerably from the same period in 2024, when 20 assets—4,416 apartments—changed hands for $389 million.
Recent deals in the area include RangeWater Real Estate’s acquisition of a 352-unit community in Frisco, Texas. The company, together with equity partner CenterSquare Investment Management, paid $63 million for Sorrel Phillips Creek Ranch, with plans to upgrade it.
During the same period, SPI Advisory picked up a 416-unit garden-style community in Aubrey, Texas. The deal marked the company’s 50th investment in the metro.
