Bascom Group Sells 424-Unit Asset in DFW
New York Life Insurance Co. originated a $61 million note for this sale.
Tanglewood Property Group has purchased Capitol at Stonebriar, a 424-unit Class A multifamily property in Frisco, Texas, according to Yardi Matrix data. Bascom Group sold the asset.
New York Life Insurance Co. originated a $61 million acquisition loan, the same source shows.
Bascom Group bought the property in 2018 from JPI, which developed the community under the name Jefferson Stonebriar. At the time, Bascom Group financed the acquisition with a $53.3 million loan issued by Equitable Insurance Co.
Located at 9600 Gaylord Parkway, the property is close to Highway 121, in an area with multiple retail options including Macy’s, T.J. Maxx and Target. Dallas-Fort Worth International Airport is 21 miles away, while downtown Dallas is 25 miles south.
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The four-story building came online in 2017 on a 9-acre lot. The unit mix includes one- to three-bedroom layouts ranging from 678 to 1,439 square feet. The apartments feature 10-foot-high ceilings, hardwood-style flooring, private balconies and walk-in closets. The community also has a townhome collection with private garages.
Common-area amenities include a swimming pool with lounge area, rooftop terrace with a sky lounge, fitness center with yoga studio, coffee bar, outdoor recreational area and 4-acre public park. The pet-friendly community also features walking trails, outdoor cabanas with grilling stations, EV charging stations and 642 parking spots.
DFW 2025 sales momentum carries forward
In the Dallas-Fort Worth metro, the multifamily transaction volume reached $4.4 billion in 2025, according to Yardi Matrix. The assets changed ownership at an average of $166,871 per unit—representing a 2.5 percent increase from the $162,758 average price per unit from one year prior.
Recent investor movement in the metro since the start of 2026 includes The Dinerstein Cos.’ purchase of The Heights at Park Lane, a 325-unit community in Dallas. The buyer secured a $75.2 million acquisition loan maturing in 2029.
A month prior, a similar deal was closed in Plano, Texas. Mesirow Financial bought Riachi at One21, a 450-unit multifamily property, from Banner Real Estate Group. Walker & Dunlop issued a $77 million Fannie Mae acquisition loan.
