The 376-unit Kinstead McKinney community, located at 5701 Mckinney Place Drive in McKinney, TX, was sold as a multifamily asset. The property encompasses 12 acres and includes amenities such as two pools, a fitness center, and coworking spaces. Originally constructed in 2020 by ZOM, the asset was financed with a loan of $35.8 million.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: Not specified
• Address: 5701 Mckinney Place Drive
• Market: McKinney
• Units: 376
• Acres: 12
• Buyer: Clint Nolen & Dean Lontos - Kalterra Capital Partners
• Seller: Adam Gallistel & Andrew Glanzman - CBRE Investment Management

Clint Nolen and Dean Lontos represented Kalterra Capital Partners in the acquisition of the property, while Adam Gallistel and Andrew Glanzman represented CBRE Investment Management in the sale transaction. The deal showcases the transition of ownership for a well-developed multifamily community in a growing market.