Updated Nov 13, 2026
Guy K. Hays Acquires 10.4 Acre Development Site In Richardson Texas For Legacy Arapaho
250 East Arapaho Road
Units
444
Asset Type
Development Site
Closing
Nov 10, 2026
About this deal
AI
A 10.4-acre development site located at 250 East Arapaho Road in Richardson, Texas is involved in this transaction. The asset type is intended for the development of a residential community comprising 444 apartment units. The project known as Legacy Arapaho has commenced construction, with initial occupancy expected in spring 2028 and completion slated for spring 2029.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: Not specified
- Address: 250 East Arapaho Road
- Market: Richardson, TX
- Acres: 10.4
- Buyer: Guy K. Hays - Legacy Partners
- Co-buyers: Samuel Byrne & William Kremer - CrossHarbor Capital Partners
The deal features significant collaboration between the buyers, Guy K. Hays representing Legacy Partners, and Samuel Byrne & William Kremer from CrossHarbor Capital Partners. Their joint venture aims to create a substantial apartment community in the area, highlighting a notable partnership in the real estate market.
On the Map
Development Site
View full map
Players
Arapaho Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
Loading comparables…
Deal FAQ
Browse Texas development site sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93