Broadstone McKinney apartments under new ownership

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Castle Lanterra Properties has acquired the Broadstone McKinney Apartments. (Courtesy of Broadstone McKinney)

Castle Lanterra Properties announced on November 1 the acquisition of Broadstone McKinney, a 255-unit suburban multi-family community at 2650 S. McDonald St. near downtown.

Broadstone McKinney was built in 2020 and has amenities such as high ceilings, granite countertops, community clubhouse, fitness center with virtual training on demand, resort style pool, park for dogs and more.

Castle Lanterra Properties owns and operates over 6,600 residential units across the county and has purchased the property from Alliance Residential. Castle Lanterra Properties CEO Elie Rieder said the McKinney submarket is expected to see future employment growth of nearly 55%, compared to the national average of 33.5%. He said it illustrated the “wealth” of the region.

“We are extremely optimistic given the strength of the residential market in the Dallas / Fort Worth area, which leads the country in terms of job gains and population growth, and in particular the huge advantage of this truly unique multi-family community, ”he said in a statement. Press release.

More information about Broadstone McKinney is available by calling 469-885-7070 or by visiting www.broadstonemckinney.com.

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